Whenever officials sought a WB loan, it demanded a disorder only the desperate could accept: a 40-year privatization associated with system

Whenever officials sought a WB loan, it demanded a disorder only the desperate could accept: a 40-year privatization associated with system

Because a Bechtel consortium had been the bidder that is only the us government additionally had been forced to accept its fully guaranteed annual16per cent profit. Price hikes soon rose by 35%-50%. Poor people literally had been left dry and high.

Rioting broke down in Cochabamaba, Bolivia’s 3rd biggest city (pop.800,000) whenever prices finally reached 200%. Despite martial legislation as well as the Army opening fire on thousands https://www.hotbrides.org/mexican-brides (1 killed, 1000s wounded), demonstrators protested for months with basic strikes, street rallies, plus A web campaign against Bechtel. Continue reading →