Membership in International Organizations
Latin American integration was a major tenet of Bolivian foreign policy largely because Bolivia recognized its severe geographic limitations. As mentioned earlier, Bolivia participated actively in the Amazonian Pact, ANCOM, and the Río de Plata Basin commercial and development agreement in the late 1980s. In fact, Bolivia was the only country in Latin America that could boast membership in all three of these organizations. Bolivia was also a charter member of the OAS and, as noted previously, was active in SELA and ALADI.
Bolivia was a founding member of the UN. In the 1980s, the UN served as a forum for several of Bolivia's demands, including its claims against Chile for access to the Pacific Ocean. In the late 1980s, the UN also provided cooperation on debt-relief programs and advice on coca-eradication programs.
Like those of other nations in Latin America, Bolivia's economy was closely scrutinized by the IMF, the World Bank, and the Inter-American Development Bank (IDB). Although its credit rating had been adversely affected by nonpayment of loans to private banks since 1985, Bolivia managed to restore its credibility, and the IMF and other lending agencies reopened credit lines.
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