Foreign Aid To Bolivia Article Index for
Foreign Aid
Website Links For
Foreign Aid
 

Information About

Foreign Aid To Bolivia




Foreign aid to Bolivia funds its improvement projects and to service its large external debt. In 1998 the World Bank and International Monetary Fund awarded Bolivia a debt-relief package worth US$760 million. Bolivia also has 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. In 2004 the United States designated more than US$150 million for assistance to Bolivia.

Under President n President Hugo Chavez may also buy up Bolivia's foreign debt to institutions such as the World Bank and IMF.