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Foreign aid to Bolivia


In 1998 the World Bank and International Monetary Fund awarded Bolivia a debt relief package worth US$760 million [*]. Bolivia has also received relief under the World Banks Heavily Indebted Poor Countries program, which, if Bolivia meets all checkpoints, will total US$1.2 billion by 2011 [*]. In 2004, the United States designated more than US$150 million for assistance to Bolivia [*].

Under President Evo Morales, Spain has agreed to forgive $120 million (99 million Euro) in Bolivian debt on the condition that the money go towards developing educational programs. [*]. Venezuelan President Hugo Chavez may also buy up Bolivia's foreign debt to institutions such as the World Bank and IMF.

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