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Bolivia to increase farm productivity with IDB loan

Bolivia will boost productivity in its agricultural and livestock sector with a $25 million loan from the Inter-American Development Bank (IDB).

The project is designed to reduce losses from pests and disease, enhance access to export markets and improve sanitary conditions. It will benefit rural producers, members of the main farm production chains and Bolivian consumers.

Bolivia will be able to improve sanitary conditions in food production, which will help reduce transaction costs and ease market access. In Bolivia, the fruit fly is one of the pests that most affect farm production, causing damage to more than 260 crops and losses of up to 60 percent of harvests.

The project will boost attention to users of agricultural sanitation services. It will also raise the status of the country's livestock and farm production through disease control programs and an increase in specialized laboratories' monitoring capability. The plan also aims to raise awareness among producers and consumers.

The project calls for a $21.25 million loan over 30 years with a six-year grace period and another loan of $3.75 million over 40 years with the same grace period.

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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.