Rodrigo Paz

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Bolivia Economic Crisis Deepens As Rodrigo Paz Takes Office

President-elect Rodrigo Paz will take office on Saturday, stepping into leadership as Bolivia grapples with its worst economic downturn in decades and prepares for politically sensitive reforms aimed at restoring fiscal stability.

Paz, a centrist former senator from the Christian Democratic Party, won the October 19 runoff election, ending nearly 20 years of leftist rule by the Movement to Socialism (MAS). His victory marks a major political shift for the Andean nation, which has struggled with high inflation, dwindling reserves, and declining energy exports. “When Paz steps in, he won’t have any liquid reserves in the central bank to import …

Bolivia Turns The Page With Rodrigo Paz’s Election Win

Bolivia Turns The Page With Rodrigo Paz’s Election Win

Bolivia has elected Rodrigo Paz, a 58-year-old economist and son of former President Jaime Paz Zamora, marking the country’s sharpest political shift in nearly two decades. The victory of Paz’s center-right Christian Democratic Party ends the long rule of the leftist Movement for Socialism (MAS), which has dominated Bolivian politics since 2006.

With 97 percent of ballots counted, Paz secured 54.5 percent of the vote in Sunday’s runoff, defeating conservative former interim president Jorge “Tuto” Quiroga, who trailed with 45.4 percent, according to the Supreme Electoral Tribunal.

The result signals the exhaustion of MAS’s political era, weakened by infighting, corruption …