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Economy & Business - November 2025
BOLIVIA: Paz inherits an economy in crisis
In the 19 October second round of Bolivia’s presidential election, the centre-right Rodrigo Paz received 54.96% of the vote to defeat his right-wing rival, former president Jorge Quiroga (2001-2002). The election brought an end to almost 20 years of dominance by the left-wing Movimiento al Socialismo (MAS). Paz has promised major changes to Bolivia’s statist economic model. However, he has begun his term in crisis-management mode, with the economy straining amid severe fuel shortages and low international reserves that have previously raised speculation about a potential debt default.
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