Bolivia and the World Bank confirmed their partnership for development

August 15, 2012


Hasan Tuluy, Vice President for Latin America and the Caribbean met with President Evo Morales, president of Bolivia, to strengthen the cooperative relationship with the country.

World Bank

  • The visit to Bolivia and Hasan Tuluy's meeting with Evo Morales is part of efforts to strengthen cooperation between the World Bank and the country.
  • The World Bank regional vice-president for Latin America and the Caribbean applauded the Bolivian government’s strategy to promote social inclusion and economic growth.
  • However, he stressed that although the country's social indicators have improved since 1990, they still lag behind those of neighboring countries.

After concluding a three-day official visit on Wednesday, the World Bank Vice-president for Latin America and the Caribbean, Hasan Tuluy, highlighted the progress achieved by Bolivia following the new 2012-2015 Country Partnership Strategy and identified areas in which the World Bank could continue to support the country through financing, technical assistance, and knowledge exchange.

Tuluy met President Evo Morales in the historic city of Tiwanaku, a ceremonial center of the Aymara culture that flourished between 1500 BC to 1000 AD, located 71 km northwest of La Paz, where they talked about issues related to Bolivia’s development priorities, especially the areas of poverty reduction, social inclusion, and indigenous populations.

President Morales thanked the World Bank support to various development projects and said that it is time to to "give economic power to social movements, especially in rural areas where historically we have been abandoned."

" I want to show that the World Bank is a trustworthy partner for the Plurinational State of Bolivia on issues pertaining to its development and poverty reduction objectives. "

Hasan Tuluy

World Bank Vice-president for Latin America and the Caribbean

Tuluy, meanwhile, expressed his satisfaction after the meetings held with other government representatives: “we agreed that the economic growth achieved by Bolivia in recent years can create a situation of wellbeing from which citizens can benefit following a greater social inclusion of the most vulnerable”, he said.

This year, despite the uncertainty of the global economy, this growth is expected to be around 4%.

Partners and Allies

After his meeting with Morales, Tuluy visited the Rural Partnerships Project Fair, an initiative financed by the World Bank and carried out by the Rural Development Ministry.

The project links technology and knowledge to improve the quality of produce and increase the income of rural workers through a renewed access to markets. It has benefited approximately 800 production partnerships and 30,000 beneficiary families since it began in 2007.

Hasan Tuluy also visited other World Bank projects such as La Paz True Neighborhoods and Communities and the El Alto Open Air Youth Art Gallery, where he had an extensive dialogue with beneficiaries of these initiatives.

The World Bank senior official also met representatives from the private sector and multilateral and bilateral donor agencies, in order to articulate the World Bank’s vision with respect to the opportunities and challenges faced by Latin America and Bolivia in particular.

Every one of these meetings allowed him to get acquainted with different points of view and opinions on how to improve the support of the World Bank for Bolivia’s development, and doing so in a way consistent with the Bolivian model and the country’s priorities.

“I want to show that the World Bank is a trustworthy partner for the Plurinational State of Bolivia on issues pertaining to its development and poverty reduction objectives. During my encounters with President Morales, the Ministers of Finance and Planning, among others, I sought to strengthen our relationship of cooperation even further,” Tuluy added.

Inclusion and Equality

The World Bank portfolio in Bolivia includes 13 investment projects totaling approximately US$450 million. The partnership between the country and the Bank is based on 4 pillars:

— Sustainable Productive Development;

— Climate Change and Disaster Risk Management;

— Human Development; and

— Access to basic services and support for public sector efficiency.

The multilateral institution recognizes that social inclusion and equality of opportunities for indigenous people are crucial for Bolivia’s development. In that context, it offers financing services, specialized knowledge and global expertise adapted to the country’s needs and priorities.