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IDB approves $87 million to support productivity, competitiveness in Bolivia

The Inter-American Development Bank today announced the approval of an $87 million soft loan to Bolivia to strengthen public policies and institutions that promote productivity and competitiveness, enabling the country to respond more effectively to the needs of the productive sector within the framework of the Bolivian System of Productivity and Competitiveness.

The program is designed to create a favorable environment for the productive sector, especially enterprises with an export potential that can take advantage of international trade agreements, stimulating economic growth and creating employment opportunities.

The IDB financing from the concessional Fund for Special Operations will be disbursed in three tranches in accord with established conditions. The loan reflects an IDB strategy in conjunction with Bolivia to promote competitiveness.

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

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