Farmer with quinoa plants, Lake Titicaca region, La Paz, Bolivia.
Patricio Crooker / World Bank
WASHINGTON, D. C. , August 10, 2022 – The World Bank today approved a $300 million loan that will benefit some 130,000 families in rural and manufacturing communities in Bolivia. The investment will help strengthen food security, the market and climate policy-making. smart agricultural practices in the country.
At least 1000 rural network associations are the main beneficiaries of the Innovation for Resilient Food Systems (RURAL Alliances ) PAR III) project, which will help reduce vulnerability to acute and chronic food confidence deprivation through small-scale investments in infrastructure and took a step forward in nutrition through the integration of generation into agricultural activities and education to manage it. In addition, some 1,270 rural producer organizations will form productive alliances to facilitate their participation in price chains with trading partners and access to technical assistance providers to achieve more equitable and advanced access. to markets, technologies and organizational skills. PAR III will also launch some 290 complementary productive infrastructure sub-projects.
“As a component of our Economic and Social Development Plan (PDES 2021-2025) and committed to food sovereignty, as a national government, we are advancing in the consolidation of manufacturing programs, this time with the Innovation Project for Resilient Food Systems,” said the Bolivian. Minister of Development Planning Sergio Cusicanqui.
“High inflation affecting food and energy prices, the effect of COVID-19 and climate change are affecting rural industrial families, plunging more people into extreme poverty and hampering the fight against hunger and global malnutrition. For this reason, in Bolivia and several other countries in the region, the World Bank is supporting investments in weather-resistant agriculture, selling sustainable food production and transforming food systems,” said Marianne Fay, World Bank Country Director for Bolivia, Chile, Ecuador. and Peru. ” Agriculture is a key sector for the Bolivian economy, with significant prospects for reducing rural poverty and dependence on extractive sectors,” he said.
The World Bank has a long history of supporting rural progress in Bolivia, adding the successive stages of the Rural Partnerships Project (RAP) for more than 16 years and the Rural Community Investment Project (PICAR). Both projects have particularly enhanced the productive capacity and market of rural manufacturers’ organizations, investments in infrastructure (almost part of which are controlled by women), education and transfer of wisdom.
The new financing to the Plurinational State of Bolivia corresponds to a loan from the International Bank for Reconstruction and Development (IBRD) with an age of 26. 5 years and a deferred repayment term of six years. Rural Community Organizations (CBOs), Rural Producer Organizations (RPOs), and municipal and departmental governments will give a contribution of $51. 2 million in counterpart budget to the project.
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press release
2022/LAC
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