Debt & External financing
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Bolivia has been crippled by a debt burden which has forced it to divert resources from essential services. It has also become highly dependent on external financing which has restricted its ability to decide its own policies
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Cancel Inter-American Development Bank debt now!
- Fundación Jubileo and other debt networks say that the G8 debt deal will only lead to 30% reduction in debts for 4 eligible Latin American countries including Bolivia and say that 100% of debt owed to the Inter American Development Bank must be cancelled by the time of its annual meeting in April 2006.
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In 2005 external debt took 100 million more away from Bolivia
- In a year in which Bolivia finally received debt relief from the IMF and World Bank, it paid $100 million in debt payments, the largest amount in five years. Most disturbingly the largest amount was paid to the Andean Development Corporation which is not included in debt deals and increasingly is becaming the main source of new loans.
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Bolivia's challenges
- Paper by Center for Economic and Policy Research which looks at Bolivia's various external vulnerabilities that might prevent it from carrying out its mandate and concludes that the new government is in a relatively good position to choose policies that go against the Washington Consensus but would accelerate growth and provide the economic basis for improved living standards.
Goni case - next steps
