After a two year stalemate following the 1979 and 1980 elections, the Bolivian parliament elected the winner of the 1980 popular vote, Hernán Siles Zuazo, president on 10 October, 1982.
Throughout the 90s, Bolivia came under increasing pressure from the World Bank to privatize public goods in order to fulfill loan conditionality. In September 1999, in response to this pressure, the Bolivian government auctioned off the municipal water system ‘SEMAPA’ of Cochabamba, a city of 800,000 residents. When the auction drew only one bidder, the government signed water resources over in a 40-year concession to Aguas del Tunari, a foreign-led consortium of private investors dominated by the Bechtel Corporation.
