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IDB approves $2.7 million for Bolivia civil society organizations

The Inter-American Development Bank today announced the approval of a $2.7 million dollar soft loan to Bolivia to finance civil society projects to help vulnerable sectors of the population to gain access to justice.

The program will also increase awareness of rights by providing resources to civil society organizations that will offer training services and other legal assistance to the beneficiaries.

Technical assistance will be provided to strengthen civil society in project design and management skills needed to implement the program, which will emphasize providing legal help to low income groups, women, children, youth, and indigenous communities.

The program will be carried out by the Ministry of Justice and Human Rights,* with a special executing mechanism that incorporates civil society organizations.

The total cost of the program is $3 million. Local counterpart funds are $300,000.

The IDB loan is for a 40-year term, with a 10-year grace period, at an annual interest rate of 1 percent during the grace period and 2 percent thereafter.

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