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conceptual mapping >  globalization and international relations  > CIADI/Telecom Italia: ¡hands off Bolivia!

Comité pour l’Annulation de la Dette du Tiers monde (CADTM)

CIADI/Telecom Italia: ¡hands off Bolivia!

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“Some multinational companies take over our natural resources, privatize basic services, fail to pay taxes and then, when they have no arguments in their defense, they go to the so-called ICSID. And then, in that World Bank tribunal, no country wins against the multinationals. So why do we need an ICSID where only the multinational companies can win?” – President Evo Morales of Bolivia

Another World Bank/Multinational Attack on Bolivia – Stop ICISD and Telecom Italia

Once again, Bolivia is under attack by multinationals and the World Bank. In 2000, the people of Cochabamba, Bolivia took back their water system after it was privatized to US based Bechtel Corporation, and prices were hiked up to 300%. Bechtel struck back, suing Bolivia through the World Bank’s International Centre for Settlement of Investment Disputes, or ICSID. But pressure from citizens and social organizations around the world succeeded in forcing Bechtel to back off – and the suit was finally dropped. Read more

date of on-line publication : 19 December 2007

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