Bolivia will improve its public investment quality with a $52 million loan from the Inter-American Development Bank (IDB).
The program will deepen the institutional pre-investment and investment management capabilities of the Vice Ministry of Public Investment and External Finance and ministries in charge of specific sectors. Among other actions, the loan will finance an updated basic pre-investment regulation, as well as steps to strengthen administrative agencies, with the objective of making process more streamlined, secure, and efficient.
In addition, it will initially finance 124 strategic pre-investment projects prioritized in planning documents, including technical reports on preconditions, pre-investment technical design studies, and supervision.
The program will directly benefit the Ministry of Development Planning with proper standards, systems, and procedures. It will also train officials, sector-specific ministries, and subnational governments on matter related to public investment, as well as provide funds to those same ministries for pre-investment studies.
The $52 million IDB loan has a 20-year maturity, a 10.3-year grace period, and an interest rate based on the Secured Overnight Financing Rate (SOFR).
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region. Access our virtual tour. Access our virtual tour.