World Bank Group Approves US$200 Million to Protect Vulnerable Bolivians and Strengthen Social Protection
Bolivia, Feb. 5 -- The World Bank Group's Executive Board of Directors today approved a US$200 million loan to support the Plurinational State of Bolivia's efforts to protect households most affected by the economic crisis and to strengthen its social protection system, making it more effective, efficient, and better prepared for future emergencies.The financing supports the design and implementation of the Extraordinary Program for Protection and Equity (PEPE), a temporary government assistance program that provides financial support to the most vulnerable families facing rising prices and income shocks.The program is expected to directly and indirectly benefit eight million people, including older adults without contributory pensions, peo...
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