Washington D.C., May 25, 2023 – The World Bank Group’s Board of Executive Directors approved the Country Partnership Framework (CPF) today, which establishes the work program with the Plurinational State of Bolivia for the 2023-2026 period. The CPF aims to contribute to the advancement of three development priorities in the country: increased climate and economic resilience; increased income earnings for vulnerable househods; and expanded access to quality public services.
Additionally, this programmatic framework will address two key aspects of development in Bolivia – gender equality and climate impact – in a crosscutting manner. It will also incorporate the fight against racial discrimination as a crucial action for achieving the country’s full development.
The program proposes new commitments for the financing of operations in the prioritized areas, as well as the continuity of advisory services and high-value technical analysis that the World Bank provides on an ongoing basis to inform the design, develop capacities, or complement the implementation of investment projects.
The CPF is the result of the conjunction of three factors. The first is the Systematic Country Diagnostic conducted by the World Bank in Bolivia, considering its analyses of the opportunities and obstacles for achieving the global goals of the organization –reduce poverty and promote social inclusion – and the conclusions resulting from technical discussions with different actors in society, including academia and organized civil society, among others. The second is the 2021-2025 Socioeconomic Development Plan (PDES) that establishes the objectives, actions, and development indicators that the country has set for the five-year period. The third factor is the consideration of the areas in which the World Bank Group has a comparative advantage and where its financing and technical assistance provide high added value.
This is the case in agriculture and rural development, where the impact of World Bank interventions to date has been transformative and sustained. The organization has also provided innovative solutions for urban development in Bolivia, improving the resilience of infrastructure and building capacity for disaster risk management. Going forward, areas where the World Bank can apply its global knowledge, such as in water resources, renewable energy, gender equality and climate change resilience, will continue to be prioritized. The World Bank will also expand its engagement to support global public goods, such as natural resources in the Amazon.
During the CPF period, both the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) –WBG members that work in the private sector– will remain open to exploring investment opportunities and mobilizing local and foreign direct private investment, with a focus on promoting green growth and inclusive development.
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