January 11, 2005

Update: Bolivia in Crisis

MABB is a registered TM.

According to a reliable source in La Paz (gracias Ana), the government rescinded the contract with Aguas del Illimani, the water company servicing La Paz and El Alto and at the center of the conflict in El Alto.

The company threatened to seek damages of up to US$60 million in international courts from the Government of Bolivia.

AlteƱos (people who live in El Alto) wanted the company to leave the city because they thought it was not fulfilling its duties. According to reports, there were still more than 40 thousand households without water in El Alto.

It is clear now, the government will make more concessions to appease the rage of the "people" (in El Alto, at least).

Stay tuned!