In Bolivia, Sachs recommended debt cancellation of approximately 90 percent of the country's external debt to international banks to prevent hyperinflation, which was implemented.
factualpending
Speaker
Jeffrey SachsEvidence Quote
“i argued that to pay the foreign debts in bolivia would have condemned the country to a rampant hyperinflation and in the end uh bolivia's external debt to international banks was cut by about 90 at my recommendation”
Source
Jeffrey Sachs: "We're in a crisis and it will get worse in the coming months."— Prague Finance InstituteCreated: 8/10/2026, 9:58:27 PM
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