October 25, 2021
The Inter-American Development Bank (IDB) said it approved a $500 million loan for a cash transfer program in Bolivia to aid people without steady income during the COVID-19 pandemic.
The money will go to one-time transfers through Bono Contra el Hambre, or Bond Against Hunger, and to people over 60 without retirement income through Renta Dignidad, or Dignified Income, the IDB said in a press release on Thursday.
The Bolivian expects to provide cash payments to 1.7 million through Bono Contra el
US-based development bank supplies $500 mln to cover part of the Bono Contra el Hambre and Renta Dignidad programs