Bolivia is one of the most vulnerable countries to climate change in Latin America. Gradually rising average temperatures and increased frequency and intensity of extreme weather events negatively affect the economy, ecosystems, and welfare of the people, particularly the poor. The availability of water resources for various areas of the country is being affected by accelerated glacier melting, changes in the rainfall patterns and increased evapotranspiration. High levels of poverty persist throughout the county, and nearly 30% of the population lives in extreme poverty. Gaps in infrastructure, poor provision of basic services, and weak institutional capacity make addressing these and other central development needs a challenge at the national and sub-national levels.
…the percent of tropical glaciers in the Bolivian Andes that are fast melting
The government of Bolivia is tapping US$86 million in grant and near-zero interest credit financing from the Pilot Program for Climate Resilience (PPCR) to support an integrated plan to improve water resources management in three prioritized sub-basins and planning capacity at the national level. It is designed to support the full implementation of the country’s National Mechanism for Adaptation to Climate Change, a strategy that aims to lay the groundwork for addressing climate change. Bolivia’s PPCR strategic program was designed under the leadership of the government in coordination with the Inter-American Development Bank (IDB), members of the World Bank Group (IBRD, IDA, IFC), key Bolivian stakeholders, and other development partners.