Bolivia received non-reimbursable support from FONPLATA for the purchase of medical equipment


Through a non-reimbursable technical cooperation, FONPLATA –- Development Bank granted Bolivia 200 thousand US dollars for the purchase of medical products and supplies to address the emergency caused by COVID-19.

In view of the pandemic caused by the coronavirus and the health emergency that our nations are going through, the Development Bank made economic resources available to its member countries in order to support and strengthen the actions that are being carried out to stop the spread of the disease and mitigate its effects. The 200 thousand US dollars approved by FONPLATA will be channeled through the Bolivian Ministry of Health for the purchase of emergency medical products and supplies, with the aim of minimizing the spread of the COVID-19 virus and mitigating its negative effects on the population.

Some days ago, FONPLATA made available to its member countries (Argentina, Bolivia, Brazil, Paraguay, and Uruguay) a special funding line to address the emergency of COVID-19 through special fast-track procedures for approval and disbursement. Likewise, a special non-reimbursable technical cooperation fund was created, the resources of which will be allocated among the five countries to address actions implemented to mitigate the effects of the pandemic. Additionally, the reallocation of resources from approved loans has been agreed to in order to strengthen the response capacity to face the pandemic more effectively.

In this sense, Argentina already has financial resources available for the construction of 11 modular emergency hospitals, which will enable the country to increase its bed capacity with 760 extra hospital beds (240 for intensive care patients and 520 for other treatments that require hospitalization).

In turn, the high demand for personnel to strengthen the health system can be met by reallocating to the Ministry of Health the resources of an already approved project, which contract terms and conditions allow to do so to address emergency situations. Other initiatives to deal with the emergency are being discussed with authorities of the other member countries.

Thus, FONPLATA supports the efforts being made to face the socioeconomic effects of coronavirus in the region.