Choose if the given statement is True/False.

Bolivia's water war resulted in the cancellation of MNC contract and restoration of water supply rights.

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True

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answer is A.

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Detailed Solution

This statement is true.
Bolivia's municipal water supply rights were sold to a large corporation by the World Bank (MNC). Cochabamba was the city selected for this. The MNC quadrupled the cost of water. A person who makes Rs. 5000 a month must pay Rs. 1000 for water each month. In January 2000, community, labour, and human rights leaders supported the populace as strikes continued daily. The authorities forcefully put an end to the strikes. In April, martial law was also enacted by the government. The people's initiatives drove MNC officials from their positions, and the government quickly conceded defeat in front of the people's power and water supplies.

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