"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. The election comes after MAS, founded by former President Evo Morales, was voted out of government in an August 17 election. The result was seen as an expression of voters' frustration over party infighting as well as national fuel shortages. Quiroga and Paz had both pledged to fix the exchange rate, restructure state-owned businesses and attract foreign investment."
"Quiroga has proposed securing a quick loan from the International Monetary Fund (IMF) coupled with drastic spending cuts, reductions in the size of government and the privatization of industries the state is currently involved in. Paz wants to avoid help from the IMF by tackling corruption and the country's burgeoning black market while slowly phasing out things such as government fuel subsidies over time, rather than capping them immediately."
Rodrigo Paz won Bolivia's presidential run-off with over 54% of the vote, securing a center-right shift after two decades of MAS rule. Bolivia faces a severe economic crisis marked by a shortage of US dollars since 2023 that has locked citizens out of savings accounts, hampered imports, and driven the Boliviano to lose nearly half its value. Inflation reached 23%, the highest since 1991. Voters expressed frustration with MAS's party infighting and national fuel shortages. Both Paz and Jorge Quiroga pledged to fix the exchange rate, restructure state-owned enterprises, and attract foreign investment. Quiroga proposed an IMF loan and rapid austerity; Paz favors anti-corruption measures and gradual subsidy removal.
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