Commitments and Actions of the World Banks Country Partnership Framework with Bolivia

Stocks and Financial Services Press Releases Thursday June 29, 2017 09:07
Washington--29 Jun--World Bank

Washington, June 28, 2017- The 2016-2020 Country Partnership Framework (CPF) that establishes the parameters for the World Bank's collaboration with Bolivia has been in effect since last year. Under this agreement, the World Bank has made up to US$ 2 billion available to the country to finance development projects in different areas.

To date, US$ 615 million of these resources have been approved for investment operations in transportation and rural development. For the period 2017-2019, the World Bank Board of Directors is considering new operations for US$ 525 million in water and sanitation and irrigation, with a focus on risk prevention and resilience to climate change.

The CPF was developed at the request of the Government of Bolivia. It is based on the systematic country diagnostic and the comparative advantages of the Bank over other financial institutions. The implementation of the CPF will benefit – directly or indirectly – more than 4.5 million citizens, most of them low-income.

"This work framework guides the commitments and actions we are adopting to support the country. We are satisfied with the progress and the dialogue we have with national authorities, with whom we are analyzing the areas where Bank support can have the most impact," said Nicola Pontara, World Bank Representative in Bolivia.

The CPF was developed in accordance with the objectives of the Economic and Social Development Plan of the Plurinational State of Bolivia. The plan seeks to operationalize the Patriotic Agenda 2025 that establishes medium-term objectives to eliminate extreme poverty and translate growth into well-being.

The CPF has two main pillars: to promote broad-based and inclusive growth and to support environmental and fiscal sustainability and resilience to climate change and economic shocks. For more information, see http://documents.worldbank.org/curated/en/921771468186539912/pdf/100985-REVISED-OUO-9-R2015-0221.pdf.


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