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Monday, November 5, 2012

''Bolivia Returns to the Global Bond Market''

From NACLA.org

''Bolivia returned to the international credit markets last month after an absence of nearly a century, selling $500 million in 10-year bonds at an interest rate of 4.875%. The country’s last global bond sale was in the 1920s, to finance expansion of the national railway network.

The event highlights the success of President Evo Morales's unique brand of economic pragmatism, as well as some ironic impacts of the global financial crisis.''

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