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G-50 Timeline
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The Group of Fifty is celebrates its XIII Annual Meeting in Washington D.C. On this occasion, the G-50 unveiled the city by visiting some of the Capital's most renowned and exclusive locations; including the headquarters of the International Monetary Fund, the Hirshhorn Museum, the Library of Congress and the Inter-American Development Bank. Among those addressed the G-50 where: Rodrigo de Rato, Carl Girshman, Dr. Lee Hartwell, John P. Holdren, Anwar Ibrahim, José Miguel Insulza, Luis Alberto Moreno, Craig Mundie, John D. Negroponte, among others.
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In January, the candidate of the Socialist Party of Chile (PS) Michele Bachelet is elected Chile’s first female president. Bachelet victory consolidates the position of the Concertación, a central-left party that has been in power since Pinochet’s departure. Less than three months from her accession to the presidency, students stage mass protests to address inequality in education. The protests highlighted the fact that despite Chile’s economic success, inequality still remains largely unaddressed.
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In May, the Bolivian government nationalizes the hydrocarbon industry. The decree raised taxes and royalties on the largest gas fields to 82% from 50% and gave the state-run natural gas industry Yacimientos Petroliferos Fiscales Bolivianos final say in decisions over production, transportation, commercialization and exports of oil and natural gas. Intended to help Bolivians keep a greater portion of the industry’s profits, the decree will not mean a complete state takeover because foreign investment in the region is currently essential to gas production.
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With a margin of only 0.5%, Felipe Calderon is declared the “virtual winner” of the Mexican presidential election. After an initial recount, PRD’s candidate Andrés Manuel Lopez Obrador stages protests that paralyze the city, demanding a vot by vote recount before the Federal Electoral Tribunal and claiming irregularities before and during the election. Pressure is now on the tribunal who must give the final verdict on election results by September 6.
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