In May 2008, Bolivian President Evo Morales expects to sign a potable water and irrigation financial cooperation agreement with his Spanish counterpart José Luis Rodríguez Zapatero, La Paz state news agency ABI reported. In November 2007, Zapatero announced a US$ 1.5 billion (EUR 1 billion) Water Fund for Latin America [1]. According to Morales, Zapatero said most of the funding will go to Bolivia.

Morales has also announced that Bolivia will invest US$ 621 million (EUR 418 million) in 2008 for potable water services, water resources management and irrigation. He did not mention which projects would be covered by this investment or from where the funds will be obtained.

[1] see: Latin America: Spain launches US$ 1.5 billion Water Fund, Source Weekly, 10 Dec 2007

Source: BNAmericas.com [subscription site], 10 Jan 2008 ; BNAmericas.com [subscription site], 23 Jan 2008