News|ElectionsBolivia elects centre-right Rodrigo Paz as presidentPaz, the son of a former president, promises ‘capitalism for all’ as election ends 20 years of socialist government.
Bolivia has elected Rodrigo Paz of the Christian Democratic Party (PDC) as its new president, concluding nearly two decades of governance by the Movement for Socialism (MAS) party.
Bolivia has elected Rodrigo Paz of the Christian Democratic Party (PDC) as its new president, concluding nearly two decades of governance by the Movement for Socialism (MAS) party.
With 97 percent of ballots counted, Paz secured 54.5 percent of the vote in the recent run-off election, surpassing former interim President Jorge Quiroga, who received 45.4 percent, according to the Supreme Electoral Tribunal (TSE).
Paz, aged 58, entered politics following in the footsteps of his father, former President Jaime Zamora. After studying economics in the United States, Paz returned to Bolivia, serving as a city councillor and mayor of Tarija before becoming a senator in 2020.
Paz advocates for a "capitalism for all" policy, which includes proposals for tax cuts, tariff reductions, and decentralization of the national government.
Paz, aged 58, entered politics following in the footsteps of his father, former President Jaime Zamora.
Following the election results, Paz's vice-presidential running mate, Edmand Lara, emphasized the need for "unity and reconciliation." Lara highlighted priorities such as ensuring diesel and gasoline supply, stabilizing basic food prices, and eradicating corruption.
The run-off election followed a significant defeat for the MAS party in the preliminary election, influenced by internal divisions and economic challenges. Former President Evo Morales was barred from running due to term limits and party affiliation issues.
Bolivia is currently facing an economic crisis, with annual inflation nearing 25 percent and shortages of US dollars and fuel. Public protests have occurred due to high prices and long queues for basic necessities.
During Morales's presidency from 2006 to 2019, the nationalization of the gas sector supported social programs that significantly reduced extreme poverty. However, energy revenues have declined, impacting the government's ability to import essential goods.
President-elect Paz has not clarified his stance on the continuation of a costly fuel subsidy, suggesting potential restrictions to benefit "vulnerable sectors."
Based on reporting by Al Jazeera.