Foreign aid to Bolivia

In 1998 the World Bank and International Monetary Fund awarded Bolivia a debt relief package worth US$760 million [http://lcweb2.loc.gov/frd/cs/profiles/Bolivia.pdf] . Bolivia has also received relief under the World Bank’s Heavily Indebted Poor Countries program, which, if Bolivia meets all checkpoints, will total US$1.2 billion by 2011 [http://lcweb2.loc.gov/frd/cs/profiles/Bolivia.pdf] . In 2004, the United States designated more than US$150 million for assistance to Bolivia [http://www.mongabay.com/reference/new_profiles/386.html] .

Under President Evo Morales, Spain has agreed to forgive $120 million (99 million Euro) in Bolivian debt on the condition that the money go towards developing educational programs. [http://news.bbc.co.uk/2/hi/europe/4580934.stm] . Venezuelan President Hugo Chávez may also buy up Bolivia's foreign debt to institutions such as the World Bank and IMF.Fact|date=February 2007