LatinNews Daily - 22 October 2025

*A group of nine countries has offered to help Bolivia’s next government stabilise the country’s economy after President-elect Rodrigo Paz takes office on 8 November. In a joint statement, the governments of the US, Argentina, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Panama, Paraguay, and Trinidad & Tobago said that they “stand ready to support the incoming administration’s efforts to stabilize Bolivia’s economy and open it to the world, reinforce its democratic institutions, boost international trade and investment, and deepen its engagement with regional and global partners on a wide range of important issues.” It says that the recent general elections, in which the ruling left-wing Movimiento al Socialismo (MAS) was handed a crushing defeat in the 17 August first round, “reflects the will of the Bolivian people to embrace change and chart a new course for their nation and our region, signaling a departure from the economic mismanagement of the past two decades.” Since winning the 19 October second round, Paz has emphasised the need for international partnerships to shore up Bolivia’s ailing economy which is beset with shortages of fuel and hard currency. Paz said on 20 October that he has approached “friendly countries” such as the US, Brazil, Uruguay, Paraguay, and Argentina to discuss cooperation to increase the availability of fuel in Bolivia.

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