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.

How does the involvement of foreign hedge funds complicate the situation for Peruvian bondholders?

What challenges does the current Peruvian government face in relation to the land bonds and OECD membership?