"Bolivians on Sunday elected a pro-business center-right senator as their new president after two decades of one-party rule by the leftist Movement Toward Socialism (MAS) party. Rodrigo Paz, secured 54.6% over 45.4% for his rival, right-wing former interim president Jorge "Tuto" Quiroga, in the run-off election. In a victory speech, Paz said his country was "reclaiming its place on the international stage.""
"Bolivia has been crippled by a shortage of US dollars since 2023, resulting in the country's worst economic crisis in decades locking Bolivians out of their savings accounts and hampering imports. Meanwhile, Bolivia's currency, the Boliviano, has lost nearly half its value. Last month inflation hit 23% its highest level since 1991. What have Bolivia's presidential hopefuls promised? Both Quiroga and Paz sought to sell themselves as candidates of change and promise to pivot the country away from two decades of populist economic policy."
Rodrigo Paz won Bolivia's presidential run-off with 54.6% against Jorge "Tuto" Quiroga's 45.4%, pledging to open Bolivia to the world and restore its international role. Bolivia endures a severe economic crisis driven by a US dollar shortage since 2023, which has locked citizens out of savings, hampered imports, devalued the Boliviano by nearly half and pushed inflation to 23%, the highest since 1991. Both leading candidates promised to shift away from two decades of MAS populist policy. Quiroga proposed an IMF loan, deep spending cuts and privatizations; Paz favors anti-corruption measures, curbing the black market and gradual subsidy rollbacks.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]