On Saturday, November 8, centrist politician Rodrigo Paz was sworn in as the new president of Bolivia. He promises a plan called “capitalism for all.”

Regarding the presidential election, the second round that gave the new president the victory was held on October 19, where he won with 54.96 % of the votes, compared to 45.04 % achieved by his rival, the conservative former president Jorge Tuto Quiroga (2001-2002).

The media has reported that Paz’s rise to power marks the end of 20 years of socialism in Bolivia. The left is out of power, for the time being, and Paz’s term begins. He promises to “cut more than half of fuel subsidies,” in addition to focusing on “formalizing the economy, eliminating bureaucratic obstacles, and reducing taxes.”

The presidents of Argentina, Javier Milei; Chile, Gabriel Boric; Ecuador, Daniel Noboa; Paraguay, Santiago Peña; and Uruguay, Yamandú Orsi, attended Paz’s inauguration ceremony, as well as the U.S. Under Secretary of State, Christopher Landau. The Speaker of the Spanish Parliament and the Congress of Deputies, Francina Armengol, and Teresa Ribera, Vice-President for a Clean, Just and Competitive Transition of the European Commission and EU representative were also present.

M.Pino

Source: elnacional

(Reference image source: Jon Tyson en Unsplash)

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