Sunday, July 27, 2014

World Bank to Help Fund Climate Change Adaptation in Bolivia

Nearly 1.7 million Bolivians inhabiting a territory of approximately 24,000 sq. km (9,266 sq. mi) in the Mizque, Rocha and Pirai sub-basins of the Rio Grande Basin in Cochabamba and Santa Cruz departments will benefit from a US$36 million loan and US$9.5 million donation approved today by the World Bank (WB) Board of Executive Directors.

Funding is provided by the Climate Investment Funds (CIF) and seeks to realize the second phase of the Pilot Program for Climate Resilience (PPCR II), whose aim is to improve institutional capacity and the comprehensive management of river basins and water resources, as well as to finance investments in infrastructure sub-projects.

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