![CAF grants USD 50 million to Bolivia to address COVID-19 emergency CAF grants USD 50 million to Bolivia to address COVID-19 emergency](/media/2630912/covid19-caf-2.jpg)
CAF Grants USD 50 Million Loan to Bolivia to Address COVID-19 Emergency
The financial agency had previously donated USD 400,000 to the South American nation to support its contingency plan for the prevention and control of the virus.
In response to the healthcare emergency caused by COVID-19, CAF—development bank of Latin America—granted a $50 million loan to Bolivia. The funds will go to strengthen responsiveness of the country’s healthcare system by purchasing protective equipment for healthcare personnel, hiring specialist physicians and nurses for patient care, training staff in pandemic management, and purchasing supplies and equipment for different levels of care.
In addition to the USD 50 million, CAF donated in March USD 400,000 through non-reimbursable technical cooperation funds, aimed at supporting the national contingency plan for preparation and response to this virus.
“Protecting the lives of all Bolivians is a priority, and thus, we swiftly provided non-reimbursable funds and a line of credit to support the efforts of Bolivian government authorities in their work on strengthening patient care capacity and curbing the spread of this viral threat,” said CAF executive president Luis Carranza Ugarte.
The funds will be implemented by the Ministry of Health, supervised by the Ministry of Planning, and will be aimed mainly at supporting the national healthcare system and strengthening its responsiveness.
To cope with the effects of the pandemic in Latin America, CAF offered in early March a regional credit line of USD 50 million per country to address the health emergency, non-reimbursable funds for USD 400,000 per country, and a USD 2.5 billion regional emergency credit line to bolster countercyclical economic measures.
CAF's more recent content
![Paving and maintenance of rural roads to guarantee progress in Peru Paving and maintenance of rural roads to guarantee progress in Peru](/media/4669192/fotos-guia-de-caminos-ndp.jpg)
Paving and maintenance of rural roads to guarantee progress in Peru
CAF presented in Lima the Guide “Rural roads: A door to development and territorial connectivity”, in which it offers guidelines that help guarantee the population's equitable access to opportunities for personal and professional development.![CAF and MCDF support Jamaica’s vision for a global logistics hub CAF and MCDF support Jamaica’s vision for a global logistics hub](/media/4669170/microsoftteams-image-1.png)
CAF and MCDF support Jamaica’s vision for a global logistics hub
The Multilateral Cooperation Center for Development Finance (MCDF) approved total financing of USD 550,000 in support of CAF’s partnership with the Jamaica Special Economic Zone Authority (JSEZA) to implement the Jamaica Logistics Hub Initiative (LHI) and the development of the Caymanas Special Economic Zone (SEZ), which will contribute to positioning Jamaica as a global logistics hub and gateway that will interconnect the Americas to the world.![What's next for the Regional Brand? 5 Lessons from Chile What's next for the Regional Brand? 5 Lessons from Chile](/media/4669114/img_3092.jpg)