Rejecting privatization
Claim
- 1. As a condition of lending money to poor countries, the World Bank and the IMF often demand that governments privatize state-run enterprises providing services such as university education, health care, electricity and water. In Bolivia, the World Bank encouraged the government to privatize the water system, making water rates triple and making water unaffordable for many families. Local labor, student, community and indigenous groups fought back against the government's plan and reversed the privatization.