Aid Bond Reduces School Absence, Bolivia President

La Paz, Oct 26 (Prensa Latina) Bolivian President Evo Morales highlighted on Monday the influence of the Juanito Pinto bond on reducing the number of those that leave school before the legal age and increasing motivation towards studying, after that economic incentive was implemented in 2006.

  “A year before implementing that initiative, illegal school leaving rate was 5.3 percent, mostly in rural neighbourhoods and areas, and that indicator has decreased to 2.8 percent,” the head of State said.

Morales made those statements in this city, during a touching meeting that marked the beginning of the Juancito Pinto bond handing over to more than one million public elementary school students.

The president also highlighted that the aid is also aimed at avoiding going back to illiteracy in the country and contributing to the families and schools in educating the new generations.

He asserted that the economic incentive also allowed reducing abject poverty in Bolivia.

According to the president, the bond was created, thanks to nationalization of hydrocarbons on May 1, 2006.

The economic benefit, which is being distributed for the fourth consecutive year, amounts 200 bolivianos (around $28 at the current rate of exchange), for a single time in a year.

That aid will reach 1,804,800 children in 2009 and the National General Treasury will have a $34 million fund at its disposal with that purpose.

In the first year applying that policy, 1,085,360 children from first to fifth grade were benefited.

A year later, the aid reached 1,321,812 students and in 2008, it reached the students of seventh and eight grades, totalling 1,802,113 of them.

Around 5,000 Bolivian Armed Force members are participating in distributing the Juancito Pinto bond.

The bond created as an initiative by the head of State, was named after the hero boy of the Chaco War (1932-1935).

Source: Prensa Latina


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