Which international organisation pressurised the Bolivian government to give up its control of water supply?
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Aguas del Tunari consortium.Prior to privatization the water works of cochabamba were controlled by the state agency SEMAPA.After pressure from the world Bank,Bolivian put SEMAPA Up for auction for privatization but not capitalization.
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Bolivia is a poor country in Latin America. The World Bank pressurised the government to give up its control of municipal water supply. The government sold these rights for the city of Cochabamba to a multi-national company (MNC). The company immediately increased the price of water by four times.
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