Bolivian President Highlights Progress in Pensions

Oruro, Bolivia, Mar 23

Bolivian President Evo Morales said here Sunday that payment of old age life and universal pensions is a quite consolidated social measure since February.

Morales spoke in a popular activity in Andamarca for the delivery of consecutive works, and criticized opposition prefects who reject financial aid.

The pension establishing payment of 200 bolivianos (25 dollars) to people over 60 years is seen as one of the regulations aimed at more justice and equality in the Bolivian society.

He criticized departamental authorities who conditioned their participation in a dialogue fostered by the executive to return funds that he said are a fruit of the whole Bolivian people.

He said the funds are a result of the natural resources recuperation process which increased incomes to the Bolivian government, to face new social policies.

He also talked about the current economic situation, which is not possible with neoliberal governments defending the interests of transnationals and others.

On November 28, 2007 Morales promulgated the Dignity Rent Law with a sustainable and solid support, according to his own words.

A total of 219 million dollars will be added to the existing 239 million in the recently created Universal Old Age Rent Fund.