New regime, same IMF plan?
Socialist Organiser1982 1982-10-07Read it in the scan (PDF), scan page 5 →
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includes scrapping of cocame trade, WILICL subsidies on basic goods many army chiefs are and a wage freeze. heavily involved. Siles ''BANKRUPT Bolivia's ruling soldiers have concluded that only a government with public support could push any austerity measures through. They have decided to vive the iob to a left-wing civilian politician, malan a Mr Hernan Siles Zuazo' ML -11_ 1L lhat's the Economist's diagnosis of the military regime's decision to back down in response to a general strike and to reconvene the congress elected in 1980. The general strike, called by the trade union federation COB, had demanded immediate new The congress was due to reconvene on October 1 and elect a president on October 5 or 6. Siles, whose victory in the 1980 presidential election provoked a military coup, is reported likely to be chosen. He is leader of faction of the MNE, Bolivia's bourgeois nationaust retorming movement. - 19 The calculation of the army chiefs, evidently, is that Siles will have to push through the austerity plan that they have worked out in response to IMF demands but been unable to implement. The plan Bolivia is seeking $119 million standby credit from the IMF to help deal with its huge debt crisis. The country has already failed to make several payments due.
Inflation is running at 200%, and exports this veer of tin and the other minerals that used to be Bolivia's staple are expected to be 45% down on 1981's level, which in turn reflected a 12% slump from 1980. The whole axis of the economy has shifted increasingly to the illegal marlaints and Angola have pointed tr the parallels between Soutl African actions and those o the Zionist regime.
Pretext
While the Zionists mover into Lebanon to back ul their Phalangist allies, the South Africans are using the activity of extreme righ terror groups in Mozam bique and Angola as a pre text for escalating attacks.
The Zionist moves have been assisted at every stagr by the imperialists, who hav now established 'peace-keeping' force It is up to the working class in the imperialist coun tries to prevent paralle manoeuvres installing troop! from the NATO countries ir Angola.
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Thursday , Thursday 7 October 1982 Page 6