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News|PoliticsCrisis-hit Bolivia to vote in run-off election, ending decades of socialismThe vote marks a decisive rejection of the socialist government and a likely foreign policy shift closer to the US.

Bolivia is preparing for a presidential run-off election, marking a shift from nearly two decades of socialist governance. Voters will decide between two pro-market candidates: former interim President Jorge Quiroga and centrist Senator Rodrigo Paz, son…

SBy Sam QuinlanOct 19, 20251 min read

Bolivia is preparing for a presidential run-off election, marking a shift from nearly two decades of socialist governance. Voters will decide between two pro-market candidates: former interim President Jorge Quiroga and centrist Senator Rodrigo Paz, son of former President Jaime Paz Zamora.

The election occurs amid a severe economic crisis, with inflation exceeding 20%, fuel shortages, and a scarcity of foreign currency reserves. Both candidates have pledged economic reforms to address these issues and improve relations with the United States.

Jorge Quiroga: Advocates for "radical change," including opening the economy to international investment, reducing public spending, and privatizing loss-making state enterprises. Rodrigo Paz: Supports "capitalism for all," emphasizing fiscal discipline and decentralization, while maintaining social programs.

Both candidates propose limiting the universal fuel subsidy to public transport to alleviate financial pressure.

Bolivia is preparing for a presidential run-off election, marking a shift from nearly two decades of socialist governance.
Sam Quinlan · Thehackingpost

The governing Movement Towards Socialism (MAS) party, led by outgoing President Luis Arce, did not advance a candidate to the run-off, indicating the end of its political dominance. The election results are expected to signal a new direction for Bolivia, with a potential shift towards market-friendly policies reminiscent of the 1990s.

Despite efforts to strengthen ties with the United States, the new president may face challenges due to a lack of a congressional majority and the continued influence of former leader Evo Morales. Morales, who retains significant grassroots support, has urged his followers to boycott the election.

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Voting will take place on Sunday, and preliminary results are anticipated five hours after polls close. The elected president is scheduled to assume office on November 8.

Based on reporting by Al Jazeera.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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