OFFICIAL NAME: Republic of Bolivia

September 2003
Background Notes on Countries of the World 2003;Sep2003 Bolivia (November), p1
Country Report
Country Report
This article focuses on the country Republic of Bolivia. Bolivia's ethnic distribution is estimated to be 56%-70% indigenous people, and 30%-42% European and mixed. General Hugo Banzer won a plurality of the popular vote, followed by former President Paz Estenssoro's Nationalist Revolutionary Movement (MNR) and former Vice President Jaime Paz Zamora's Movement of the Revolutionary Left. The most dramatic change undertaken by the Sanchez de Lozada government was the "capitalization" program, under which investors, typically foreign, acquired 50% ownership and management control of public enterprises, such as the state oil corporation, telecommunications system, airlines, railroads, and electric utilities in return for agreed upon capital investments. The Bolivian Government continues to pay its debts to the multilateral development banks on time Bolivia is a beneficiary of the Heavily Indebted Poor Countries (HIPC) and Enhanced HIPC debt relief programs, which by agreement restricts Bolivia's access to new soft loans.


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