Macroeconomy/Finance

Finland : NDF partners with IDB to support urban adaptation and resilience in Bolivia

NDF and the Inter-American Development Bank (IDB) will finance support for the preparation and implementation of the New Linear Park between La Paz and El Alto in Bolivia. NDF has approved a booster grant of EUR 500,000 that will contribute to the preparatory studies and technical assistance as part of the preparations of a new major IDB-supported investment program Parque Lineal entre La Paz y El Alto – Thakhi Tantasia. This investment program will support the two cities in adaptation and mitigation efforts related to climate change impacts. Both cities are confronting increasing challenges due to rapid urbanisation and high vulnerability to climate change.

Source: Cityfalcon.com