Bolivian president resigns; gas work slows

Companies were putting major gas projects on hold in Bolivia June 6 as the country’s president, under pressure to nationalize the oil and gas industry, offered again to resign.Street protests and urban blockades have crippled the 19-month-old government of President Carlos Mesa.The Bolivian Congress can accept or reject the resignation. Observers said it probably would accept Mesa’s offer to leave office. Protests are greater now than they were in March when Mesa first resigned in a move Congress rejected (OGJ, Mar. 6, 2005, p. 26). And his party no longer has a majority in Congress.Lawmakers had hoped to calm tensions with an increase, resisted by Mesa, in the effective tax r...

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