US$250 million for Bolivia

"This support from the Corporation is compatible with one of the principles of the Integrated Development Agenda, which is that social equity has to be an essential element of economic development and growth, in which opportunities for progress for all citizens must be created," CAF President & CEO Enrique Garcia said.

The CAF president added, "the loan has two aspects: first, it supports execution of the economic program contained in the National Development Plan (PND), which the Bolivian government has been implementing since 2006; second, the funds will promote fiscal saving as a means of reducing service of the Bolivian external debt and improving its profile for the future.

"Bolivia, like other countries of the region, has taken advantage of the international economic conditions of the last few years to improve the service and profile of its public debt, and CAF supports that effort," Garcia said.

The CAF chief added, "with approval of this credit instrument, the Corporation joins in efforts to strengthen government actions in social and economic infrastructure projects in the poorest areas of the country, with the primary objective of reducing poverty and marginality in Bolivia."