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In 1998 the World Bank and International Monetary Fund awarded Bolivia a debt relief package worth US$760 million [1]. Bolivia has also received relief under the World Bank’s Heavily Indebted Poor Countries program, which, if Bolivia meets all checkpoints, will total US$1.2 billion by 2011 [2]. In 2004, the United States designated more than US$150 million for assistance to Bolivia [3].
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.[4]. Venezuelan President Hugo Chávez may also buy up Bolivia's foreign debt to institutions such as the World Bank and IMF.
This article incorporates public domain material from the Library of Congress Country Studies website
About this Collection - Country Studies
Contains the electronic versions of 80 books previously published in hard copy as part of the Country Studies Series by the Federal Research Division. Intended for a general audience, books in the series present a description and analysis of the historical setting and the social, economic, political, and national security systems and institutions of select countries throughout the world. Most books in the series ...