Bolivia Gets Credits To Fight
Poverty
LA PAZ - The Bolivian government Wednesday
issued two decrees concerning two credits
for a total of 40 million U.S. dollars for
poverty relief.
Bolivian Planning Minister Viviana Caro said
Wednesday during a press conference that the
Fund for International Development, a
subsidiary of the Organization of the
Petroleum Exporting Countries (OPEC), gave
Bolivia a credit for 10 million dollars.
The money will be used to develop
infrastructure projects in the
municipalities suffering from extreme
poverty.
"Particularly, we will continue with this
work in the Chuquisaca valley and other
valleys, where the index of extreme poverty
is over 80 percent," Caro said.
The OPEC credit is for 20 years with an
annual interest rate of 1.75 percent. The
agreement will be signed in Austria.
The second credit is from the Inter-American
Development Bank (IDB) for 30 million
dollars, of which 55 percent will be a
donation.
Bolivia will get this credit in the third
quarter of this year.
According to the Jubileo Foundation, among
Bolivia's 10 million inhabitants, some 6
million are poor and 3 million of them are
extremely poor. |
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