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

Because a Bechtel consortium ended up being the bidder that is only the federal government additionally ended up being obligated to accept its fully guaranteed annual16per cent profit. Price hikes soon rose by 35%-50%. The indegent literally had been left high and dry.

Rioting broke away in Cochabamaba, Bolivia’s third biggest city (pop.800,000) whenever prices finally reached 200%. Continue reading