Bolivia’s President Evo Morales has said Bolivia’s past dependence on the agencies was so great that the International Monetary Fund had an office in government headquarters and even participated in their meetings. There is a reason he said past, and that is because their dependence on these agencies are a thing of the past.
“A day like today in 1944 ended Bretton Woods Economic Conference (USA), in which the IMF and WB were established,” Morales tweeted. “These organizations dictated the economic fate of Bolivia and the world. Today we can say that we have total independence of them.” Bolivia has now joined in the process of becoming a member of the Southern Common Market, and Mercosur and Morales attended the group’s summit in Argentina last week.
Some of Bolivia’s largest resistance struggles in the last 60 years have targeted the economic policies carried out by the International Monetary Fund and the World Bank. Bolivia’s popular uprising known as the The Cochabamba Water War in 2000 against United States-based Bechtel Corporation over water privatization and the associated World Bank policies shed light on some of the debt issues facing the region.
Most of the protests focused on opposing privatization policies and austerity measures, including cuts to public services, privatization decrees, wage reductions, as well the weakening of labor rights. Since 2006, a year after Morales came to power, social spending on health, education, and poverty programs has increased by over 45 percent.
Bolivia’s President Declares ‘Total Independence’ from World Bank and IMF
I expect that the US won't waste any time demonizing Morales and will soon be bringing freedom to Bolivia.
“A day like today in 1944 ended Bretton Woods Economic Conference (USA), in which the IMF and WB were established,” Morales tweeted. “These organizations dictated the economic fate of Bolivia and the world. Today we can say that we have total independence of them.” Bolivia has now joined in the process of becoming a member of the Southern Common Market, and Mercosur and Morales attended the group’s summit in Argentina last week.
Some of Bolivia’s largest resistance struggles in the last 60 years have targeted the economic policies carried out by the International Monetary Fund and the World Bank. Bolivia’s popular uprising known as the The Cochabamba Water War in 2000 against United States-based Bechtel Corporation over water privatization and the associated World Bank policies shed light on some of the debt issues facing the region.
Most of the protests focused on opposing privatization policies and austerity measures, including cuts to public services, privatization decrees, wage reductions, as well the weakening of labor rights. Since 2006, a year after Morales came to power, social spending on health, education, and poverty programs has increased by over 45 percent.
Bolivia’s President Declares ‘Total Independence’ from World Bank and IMF
I expect that the US won't waste any time demonizing Morales and will soon be bringing freedom to Bolivia.
