Besides taking a respectful hands off, the world should contribute one vital thing toward a more


Besides taking a respectful hands off, the world should contribute one vital thing toward a more democratic society that embraces Indians: debt relief to the reforming government. Bolivia's debt load has risen to 82 percent of gross domestic product, sucking up a mind-boggling 40 percent of fiscal expenditures.

Source: William Powers (2005). "Poor Little Rich Country", The New York Times, May 11, 2005.

#debt #government #LatinAmerica #gdp