IDB keeps credit amount of 200 mln USD to Bolivia

13:55, March 25, 2010      

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The Inter American Development Bank (IDB) had decided to keep the credit amount for Bolivia of 200 million U.S. dollars, the Bolivian government said on Wednesday.

Bolivian Development Planning Minister Elba Caro Hinojosa said in a press conference that the IDB reached this decision during its Yearly Governors Assembly hosted in Cancun, Mexico.

Caro said that the IDB Governors Assembly was very beneficial for the country and it will influence on the continuity of the aid for the region.

"The agreements reached with the IDB will allow the country to keep the credit amount in 2009, this is, we expect at least 200 million dollars in credit, which is a combination of ordinary capital credit each year in the next 10 years," Caro said.

Caro said that during the negotiations with the IDB, her country was able to guarantee the sustainability and adequate reposition of resources of the Special Fund of Operations till 2020.

The IDB resources will be used in infrastructure, basic services, support to the social programs and the plan to fight against the poverty.

Caro also said that next week will arrive in the country an IDB mission to program the expense and the details of the credit.

Source:Xinhua
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