Bolivia project 511-0605 · 1993 · financial sector

Program to support the Government of Bolivia's (GOB's) economic stabilization and reactivation efforts. The program will consist of four cash transfers totalling $40 million in ESF funds. Conditionality mainly addresses counternarcotics concerns. The U.S. dollars will be used to finance payment of Bolivia's official and multilateral non-military debt. Local currency counterpart will be devoted mainly to selected USAID, GOB, and multilateral donor projects that support alternative development of the Chapare region. More specifically, local currency will be programmed under the Cochabamba Regional Development project (5110617) for productive activities in Chapare, such as feeder roads, to directly support campesino leaders and groups that cooperate with alternative development and eradication programs. The fundamental condition precedent is the eradication of a cumulative total of 6,000 ha of coca, comprising voluntary, compensated eradication of 4,500 ha of mature coca; involuntary eradication of 500 ha of illegal coca; and destruction of 1,000 ha of coca seedbeds. Other conditions specify that the GOB: (1) make serious efforts to exceed 1991 levels of interdiction and seizure o

Source: DEC abstract, PD-ABG-592 (1993). The source's own text.