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[[Bolivia]] has been a model student of such "reforms", and is now also a showcase for the contradictions and crisis these policies engender." [http://www.zmag.org/content/showarticle.cfm?SectionID=52&ItemID=4359] The IMF "supports the rapid conclusion of obscure deals made by un-transparent multinationals and unaccountable politicians, deals in which it is impossible for people to evaluate or have a choice." observes researcher Tom Kruse in LaPaz.[http://www.americas.org/News/Features/200310_Oct/Bolivia_Revolt/Bolivia_IMF_Kruse.htm]
It appears some of the debt restructuring for IMF happens through Paris club and London Club. Paris Club is the name given to the arrangements through which countries reschedule their official DEBT; that is, money borrowed from other governments rather than BANKS or private FIRMS. The club is based on Avenue Kléber in Paris. Its members are the 19 founders of the OECD as well as Russia. Other institutions such as the WORLD BANK attend in an informal role. Rescheduling requires the consensus agreement of members and must not favour one CREDITOR nation over another. Private debt rescheduling takes place through the London Club. [http://www.economist.com/research/Economics/alphabetic.cfm?TERM=POVERTY%20TRAP]
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