IDB loans to improve Bolivian road network

30 Sep 15

Bolivia has received a $178.5m loan from the Inter-American Development Bank to improve its road infrastructure and boost regional economic activity.

Just 11% of Bolivia’s roads are paved, the lowest density in the Latin America and Caribbean region. This both affects international competitiveness and limits many Bolivians’ access to transport, basic services and well-paying jobs.

The IDB loan will increase the number paved roads and refurbish existing ones, helping Bolivia better connect production centres with local and external markets.

It will also strengthen the overall management of highway resources through a more efficient collection of toll charges.

The project will be financed by the IDB with a $142.8m loan from common capital funds for 30 years. The remaining $35.7m will come from the bank’s Special Operation Fund, with a grace period of 40 years. 

  • Judith Ugwumadu
    Judith Ugwumadu

    Judith writes about public finance, public services and economics across Public Finance International and Public Finance. She previously undertook reporting stints at Financial Adviser, Global Security Finance and The Sunday Express.

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