Anderson Sees 'No Way' Peru Can Join OECD With Debt

The video discusses Peru's challenges in joining the OECD due to unresolved land expropriation issues from the 1960s and 70s. The Peruvian government expropriated 23 million acres of land, issuing bonds to compensate landowners, which remain unpaid. This debt, amounting to $5-6 billion, is a significant financial and legal issue. The Constitutional Tribunal ruled in 2001 that these bonds must be paid, but the government has not complied. The video also highlights political challenges, including the impeachment of President Kuczynski, and the need for Peru to resolve this issue to align with OECD values and gain membership.

What was the main action taken by the Peruvian military government in the 1960s and 70s?

• They reduced taxes on imports.

• They increased foreign investments.

• They expropriated millions of acres of land.

• They privatized state-owned companies.

How much is the unpaid bond debt of Peru estimated to be?

• $1-2 billion

• $3-4 billion

• $7-8 billion

• $5-6 billion

What did the Constitutional Tribunal of Peru rule in 2001 regarding the bonds?

• The bonds were to be renegotiated.

• The bonds were invalid.

• The bonds should be paid.

• The bonds were partially valid.

What is one of the main obstacles for Peru in joining the OECD?

• Unresolved land bond issues

• Lack of natural resources

• High inflation rates

• Political instability

What values must Peru demonstrate to join the OECD?

• Cultural diversity and heritage

• Military strength and independence

• Economic growth and innovation

• Respect for the rule of law and private property