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POST Online Media Lite Edition


World Bank partnership with Bolivia to benefit more than 4.5m people

Staff writer |
The World Bank Group (WBG) board of executive directors endorsed the new Country Partnership Framework that sets out the objectives which will guide its operations in Bolivia between 2016 and 2020.

As a result of the implementation of the programs considered by the new partnership, more than 4.5 million Bolivians, most of them of poor background, will benefit directly and indirectly.

As a consequence of an expansion of the World Bank Group’s portfolio (current and new projects), around 3.8 million people will benefit from improvements in road infrastructure aimed at reducing transportation costs and transit times in Santa Cruz, Beni and La Paz departments, as well as other actions that will allow vulnerable and remote communities to integrate through the road network.

It will also seek to increase the efficiency of the Main Road Network’s management in order to stimulate economic activity by integrating productive areas and consumption centers, as well as national borders to promote foreign trade.

The agriculture, rural development, basic services (electricity, water and sanitation) and youth job placement programs will benefit a further 700,000 inhabitants in urban and rural areas.

Between 2002 and 2014, moderate poverty fell from 63 to 39 percent and extreme poverty from 39.5 to 17 percent, while income inequality trended downward.

Still, the social agenda continues to be one of the priorities of Bolivia’s development strategy, and the country can count on the clear support of the World Bank Group on this agenda.