Foreign aid to Bolivia
Encyclopedia
In 1998 the World Bank
and International Monetary Fund
awarded Bolivia
a debt relief package worth US$760 million http://lcweb2.loc.gov/frd/cs/profiles/Bolivia.pdf. Bolivia has also received relief under the World Bank’s Heavily Indebted Poor Countries program, which, if Bolivia meets all checkpoints, will total US$1.2 billion by 2011 http://lcweb2.loc.gov/frd/cs/profiles/Bolivia.pdf. In 2004, the United States
designated more than US$150 million for assistance to Bolivia http://www.mongabay.com/reference/new_profiles/386.html.
Under President Evo Morales
, Spain
has agreed to forgive $120 million (99 million Euro) in Bolivian debt on the condition that the money go towards developing educational programs.http://news.bbc.co.uk/2/hi/europe/4580934.stm. Venezuela
n President Hugo Chávez
may also buy up Bolivia's foreign debt to institutions such as the World Bank and IMF.
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
and International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
awarded Bolivia
Bolivia
Bolivia officially known as Plurinational State of Bolivia , is a landlocked country in central South America. It is the poorest country in South America...
a debt relief package worth US$760 million http://lcweb2.loc.gov/frd/cs/profiles/Bolivia.pdf. Bolivia has also received relief under the World Bank’s Heavily Indebted Poor Countries program, which, if Bolivia meets all checkpoints, will total US$1.2 billion by 2011 http://lcweb2.loc.gov/frd/cs/profiles/Bolivia.pdf. In 2004, the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
designated more than US$150 million for assistance to Bolivia http://www.mongabay.com/reference/new_profiles/386.html.
Under President Evo Morales
Evo Morales
Juan Evo Morales Ayma , popularly known as Evo , is a Bolivian politician and activist, currently serving as the 80th President of Bolivia, a position that he has held since 2006. He is also the leader of both the Movement for Socialism party and the cocalero trade union...
, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
has agreed to forgive $120 million (99 million Euro) in Bolivian debt on the condition that the money go towards developing educational programs.http://news.bbc.co.uk/2/hi/europe/4580934.stm. Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
n President Hugo Chávez
Hugo Chávez
Hugo Rafael Chávez Frías is the 56th and current President of Venezuela, having held that position since 1999. He was formerly the leader of the Fifth Republic Movement political party from its foundation in 1997 until 2007, when he became the leader of the United Socialist Party of Venezuela...
may also buy up Bolivia's foreign debt to institutions such as the World Bank and IMF.