Bolivia Declares ‘Total independence’ From World Bank And IMF

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Bolivia declares total independence from IMF and world bank

Bolivia has declared total independence from the World Bank and IMF, due to their “detrimental impact” on the nation.

Bolivia’s President Evo Morales says his government will no longer allow globalist money lending organizations to erode the sovereignty of his nation, according to Telesur TV.

Ahtribune.com reports: “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.”

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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.

Bolivia is now in the process of becoming a member of the Southern Common Market, Mercosur and Morales attended the group’s summit in Argentina last week.

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.

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.

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.

The Morales administration made enormous transformations in the Andean nation. The figures speak for themselves: the nationalization of hydrocarbons, poverty reduction from 60% to less than 40%, a decrease in the rate of illiteracy from 13% to 3%, the tripling the GDP with an average growth of 5% annually, the quadrupling of the minimum wage, the increasing of state coverage on all fronts, and the development of infrastructure in communications, transportation, energy and industry.

And above all, stability, an unusual word in the troubled political history Bolivia, of which today, with the economic slowdown experienced by many countries in the region, is a real privilege.

9 Comments

  1. oh yes Typcial Now he incorporating them into a union Putting all of the sovereign eggs into one basket for papa bear or King Kong to snatch with a single swipe.Out of the frying pan and into the fire .

    • That isn’t what it’s about. Mercosur means they will be engaging in more trade with other S. American countries. No one loses their sovereignty, but if they trade, they become allies in time of war or attack from enemies. It’s a good thing and certainly a throwing out the World Bank and IMF can only be a good thing.Morales is throwing out the slavemasters and freeing his country; there might be a price to pay for his move, but in the end it’s the only right thing to do.

      • These days attacks come from inside countries. The slave masters sell out to the banking cartel. Don’t think Evo is throwing anyone out of Bolivia. These bankers are hard characters. They don’t just leave if you ask them nicely.

  2. lol..Bolivia….. as if Bolivia matters.. where the fuck is it anyway…. . another shithole that should just be nuked…… sick of all these little shitholes and their problems…

  3. Saying and being truly independent are two different things. I am pulling for you Evo but I’ll believe it when I see it. By the way: Don’t take any rides in a convertible. Do they have a Dealy plaza in La Paz?

  4. As if government spending is the solution. (eye.roll) WTF do you think central banks do? They enable government spending by buying govt bonds, dumfuk. Socialism cannot survive without central banks.

  5. I wonder when we will hear of unrest in the country, as the instigators go to work telling lies and propaganda machine picks up steam. Anyone who thinks they are free and clear, think twice and beware,

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