Bolivia's Fonabosque closes 78 projects after detecting execution irregularities

Bolivia's Forest Development Fund (Fonabosque) closed 78 projects after inspections revealed that many reported near-complete physical progress but had no actual work on site, with an average of Bs 1 million allocated per project. The scale of the fraud suggests systemic corruption in public project execution, potentially involving officials and contractors. This is a significant governance and anti-corruption development in Bolivia, though the full extent of the irregularities and any legal actions remain unclear.