![US$250 million to reduce poverty in Ecuador US$250 million to reduce poverty in Ecuador](/media/29009/ciudad-ecuador142.jpg)
US$250 million to reduce poverty in Ecuador
- CAF grants loan to support Human Development Bond Program (BDH).
- BDH benefits 1.2 million households in vulnerable conditions.
CAF President & CEO Enrique García said he was pleased with approval of this new loan operation for Ecuador. The Bond is an instrument of social inclusion and formation of human capital, which contributes to achieving the goals of universal access to primary education and reduction of infant mortality established in the Millennium Development Goals, he added.
The Human Development Bond, which was created in 2003, is the most important intervention area in the Ecuadorian government’s Social Protection Program. The Bond protects the level of consumption of the poorest families through the mechanism of conditional monetary transfer which benefits approximately 1.2 million vulnerable households and opens access to basic education and health services for over 2.6 million children.
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