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    2000 COCHABAMBA PROTESTS

    By BRUCE
    Visit (3528 times)

    Between January and April 2000, a series of anti-privatization protests took place in Cochabamba against the privatization of the municipal water supply that was being pushed through on the recommendation of the World Bank and the International Monetary Fund. The Bolivian government declared martial law, killing several people, arresting protest leaders and shutting down radio stations. After continued disturbances and civic pressure, the government finally rolled back the privatization on 10 April 2000.
    In 2001, Bechtel filed suit against the Bolivian government, citing damages of more for $25 million. Bechtel argues that its contract was only to administer the water system, which suffered from terrible internal corruption and poor service, and that the local government raised water prices. The continuing legal battle attracted attention from anti-globalization and anti-capitalist groups. This topic is explored in the 2003 documentary film The Corporation and on Bechtel's website. In January 2006, Bechtel and the other international partners settled the lawsuit against the Bolivian government for a reported $0.30 (thirty cents) after intense protests and a ruling on jurisdiction favorable to Bechtel by the International Centre for the Settlement of Investment Disputes.

     


     
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