Evo Morales calls on G-77 to nationalize natural resources
Evo Morales calls on G-77 to nationalization
La Paz, May 7 (Prensa Latina) Bolivian President Evo Morales, today urged members of the Group of 77 (G-77) to nationalize natural resources as the only way to promote development. In his speech to the summit which is being held in Fiji, Morales described the progress of social and economic policy of the country, following the established changes coming to power in 2006.
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According to Morales, the process of nationalization in Bolivia has been very important implemented to advance the social, political and economic levels in the country.
He affirmed that in his experience natural resources most be nationalized if they are in the hands of foreigners.
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On the other hand, insisted that natural resources should be under the administration of the State, because they allow a better distribution of wealth, especially for the most excluded and impoverished through social bonds.
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The Head of State made reference also to foreign inteference in southern countries, and called on "the importance of freedom from policies imposed through programs designed on the outside", referring to the United States Agency for Development (USAID ), recently expelled from Bolivia.
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