Bolivia Elects New President to Tackle Worst Economic Crisis
Bolivians have elected center-right economist Rodrigo Paz as their new president to lead the country through its worst economic crisis in 40 years. Paz, who will take office on November 8, faces major challenges, including 23% inflation, a severe shortage of US dollars, and chronic fuel shortages. His plan involves slashing public spending and moving away from two decades of socialist policies. However, economists warn that these tough measures could risk triggering social unrest in a country that remains deeply divided. The new president will also have to navigate a fragmented parliament, where his party lacks an outright majority, forcing him to build consensus to govern effectively. Despite being barred from the election, former socialist president Evo Morales remains a influential and potentially destabilizing figure. His supporters have warned they will mobilize against the new government if it fails to […]