UN General Assembly
1985

This will is expressed here from this tribune of the nations,, and is rising like an uncontainable tide. The dilemma at this difficult and dangerous time in international relations is clear: either the machinery of world power changes the rules of the economic game through a joint international exercise of will, such as prevailed after the Second world war to liquidate colonialism, or the world will be dragged into a financial holocaust which will not be without political implications. This holocaust is already under way. I am speaking now on behalf of a nation that lies right in the eye of this international crisis. Bolivia is the country that has the highest rate of inflation in the world. Had the Government headed by President Victor Paz Estenssoro not introduced a new economic policy, hyperinflation, according to estimates, could have amounted to more than 44,000 per cent this year. This single example in itself is indicative of the abyss into which my country could have fallen.