The Inter-American Development Bank views with great concern information about possible irregularities in the acquisition of ventilators by Bolivia’s Ministry of Health with financing provided by the Bank, and we respect the efforts that the country’s public institutions are making to shed light on the facts of the case.
As we communicated on Monday, May 18, the IDB examined this procurement process in accordance with the procedures agreed to with the Government of Bolivia, which was responsible for these purchases through its executing agency. The purchases were made as part of the IDB’s support for Bolivia’s actions to manage the emergency prompted by the coronavirus pandemic.
As soon as it became aware of possible irregularities, the IDB´s upper management began to review the matter, which was also referred to the Bank´s Office of Institutional Integrity. This office carries out investigations and recommends public sanctions for companies or individuals found to have committed prohibited practices in procurement contracts financed by the IDB. This Office of Institutional Integrity is currently evaluating pertinent information to determine whether prohibited practices were committed in this case.
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.
Turner, Taos Lee
