USD 126 million for water and irrigation programs in Bolivia
- The investments in irrigation will help to develop the productive capacity of 15,000 families living in rural areas.
- The increase in the coverage and quality of the potable water service will benefit more than 624,000 inhabitants, whereas the investments in sewage drainage systems will improve the health and quality of life of 285,000 people.
The loan, to be administered under the supervision of the Ministry for the Environment and Water, will facilitate implementation of the comprehensive management of water resources policy through investments in two sectors: irrigation and potable water and sanitation.
The investments in irrigation will favor food sovereignty and the reduction of poverty by increasing agricultural productivity, whereas the resources earmarked for the potable water and sanitation sector seek to improve the living conditions of the population by extending the coverage of these services and improving their quality and efficiency.
Enrique García, CAF’s executive president, explained that, with these funds, the Latin American financial institution will make an effective contribution to the policies being undertaken by the Bolivian Government that go under the names of “Water for Agricultural Production” and “Water for All.”
“PROAR seeks, on the one hand, to support the construction of 150 irrigation systems that will make it possible to incorporate 13,000 hectares for agriculture, benefiting at least 15,000 families living in the country’s rural areas, and, on the other, to benefit 624,000 inhabitants, who will be provided with improved potable water services and 285,000 people who will receive better sewage drainage services.”
“All this, pointed out García, will be complemented by technical assistance programs for developing and strengthening the organizational capacities of the beneficiaries.”
The total cost of the program comes to USD 152.25 million, 83% of which will be financed with the CAF loan and the remaining 17% with local counterpart funding.
CAF's more recent content
CAF, JICA and Sicredi join forces to support women and rural producer
The amount represents the largest international facility ever undertaken by Sicredi, with the involvement of four internationally renowned entities: Banco Finantia, BNP Paribas, Eco.business Fund, and Sumitomo Mitsui Banking Corporation (SMBC). The funds raised can also be used in regions with a Human Development Index below the national average.
CAF-FAO: Digitization project for agribusiness with repository launch
The Food and Agriculture Organization of the United Nations (FAO), CAF -development bank of Latin America and the Caribbean-, the Ministry of Agriculture, Land and Fisheries and the Tobago House of Assembly celebrated the successful completion of the “Digitization and Innovation for the Competitiveness and Sustainability of the Agribusiness Sector in Trinidad and Tobago” project. The closing ceremony, that took place on the 29th of July, marked a significant milestone in the country's efforts to modernize and enhance the agricultural sector.