SAP protests still raging: Latin America examples
8 September 2003
|Honduras, August 2003
||Opening of the water sector to private companies, public sector wage freeze in efforts to secure IMF support
||Police clashed with 10000 demonstrators after they briefly stormed the Congress
|Dominican Republic, June 2003
||Capping budget deficit, freezing public sector wages, raising electricity prices, import/export tax hikes etc
||At least five people were hurt and 40 detained when police broke up a protest against the government’s economic policies and the proposed deal with the IMF
||2-year $600 million Stand-By Arrangement, August 2003
|Peru, May-July 2003
||Wage freeze,fiscal austerity, tight monetary policy.
||Thousands of farmers health workers and teachers, marched through the capital, occupied state buildings and blocked roads. President Toledo declared a state of emergency. At least one dead and dozens injured.
||2-year $347 million Stand-By Arrangement, February 2002
|Bolivia, January-February 2003
||Income tax hike announced as part of a package to reduce the public deficit to get access to IMF support
||Clashes left more than thirty dead.
||1 year $121 million Stand By Arrangement, April 2003
Sources: Reuters, Reuters Alertnet, IMF country index, see also WDM States of Unrest III