Bolivia riots over tax law (Bretton Woods Project)

Bolivia riots over tax law

In Bolivia riots continued into February over measures taken to resume IMF assistance. The country was declared 'off-track' last year for failing to pass a tax code. An income tax rise announced as part of a package to reduce the public deficit was met by clashes which left more than thirty dead. The government then backed down and the IMF stated they had reached an agreement on "a balanced set of fiscal measures, a phased reduction in the government deficit, and greater social safety net support", while the government announced a social dialogue to design a "participative budget".

IMF at source of riots say activists

States of unrest II, WDM

IMF role in Bolivian crisis News|Bretton Woods Project|24 November 2003|update 37|url
A report from Bolivian NGO CEDLA contends that plans to sell the gas to the US via Chile were more about ensuring continued support from the Bank and Fund to escape the current fiscal crisis than the long-term health of the economy. read article...

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Published: 1 April 2003 , last edited: 18 May 2006

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Bolivia riots over tax law

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