Bolivia will improve its public investment quality with a $52 million loan from the Inter-American Development Bank (IDB).

The program will deepen the institutional pre-investment and investment management capabilities of the Vice Ministry of Public Investment and External Finance and ministries in charge of specific sectors. Among other actions, the loan will finance an updated basic pre-investment regulation, as well as steps to strengthen administrative agencies, with the objective of making process more streamlined, secure, and efficient.

In addition, it will initially finance 124 strategic pre-investment projects prioritized in planning documents, including technical reports on preconditions, pre-investment technical design studies, and supervision.

The program will directly benefit the Ministry of Development Planning with proper standards, systems, and procedures. It will also train officials, sector-specific ministries, and subnational governments on matter related to public investment, as well as provide funds to those same ministries for pre-investment studies.

The $52 million IDB loan has a 20-year maturity, a 10.3-year grace period, and an interest rate based on the Secured Overnight Financing Rate (SOFR).