In his struggle to pull Bolivia's economy back from the brink of ruin. President Hernán Siles Zuazo has had solid cash backing from the U.S. One day last week, surrounded by members of his Cabinet. Siles strolled through the sunshine from the presidential palace to the Congress building. There, in the first state-of-the-nation speech since his inauguration a year ago, President Siles made the unusual gesture of giving heartfelt public thanks to the U.S.
Siles gave full credit to Bolivia's economic-stabilization program (based on the recommendations of U.S. Economist George Jackson Eder) for saving the country "from disaster." He pointed...
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