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Anti-Neoliberal Backlash |
| Section: CURRENT ISSUES / ANALYSIS |
| Author: Alejandro Reuss |
| Publication: The world & I online |
| Issue Date: 9/1/2007 |
| Size: 809 Words, 5,524 Characters |
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The backlash against neoliberalism in Latin America is now leading to confrontations between several of the region’s governments and the two major international lending institutions, the World Bank and the International Monetary Fund (IMF). In the span of just a few weeks in May, President Rafael Correa announced that Ecuador was expelling the World Bank’s representative from the country; President Hugo Chávez announced that Venezuela would be withdrawing from both the Bank and the IMF; and Bolivia, Nicaragua, and Venezuela all announced their intention to withdraw from the World Bank–affiliated International Centre for the Settlement of Investment Disputes (ICSID).1 The Venezuelan...
. . .
... News, May 9, 2007, www.iht.com; “Venezuela Buys 93 Percent of Electric Company in Nationalization Move,” Associated Press, May 10, 2007, www.iht.com; Reuters, “Venezuela Pulls Control From Big Oil,” May 1, 2007, money.cnn.com.
BBC News, “Bolivia Gas Under State Control,” May 2, 2006, news.bbc.co.uk.
NACLA Report on the Americas, Volume 40 Number 4 (July/August 2007). (www.nacla.org).
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