Bolivia has entered a new political chapter as centrist Rodrigo Paz won the presidential runoff, ending nearly twenty years of leftist MAS rule. The 58-year-old senator from the Christian Democratic Party will take office on November 8, facing a deep economic crisis marked by high inflation, fuel shortages and dwindling dollar reserves. Paz has vowed to restore ties with the United States, secure a $1.5 billion cooperation deal and gradually phase out universal fuel subsidies. His "capitalism for all" approach promises private-sector growth alongside social programmes. However, Paz’s leadership faces a tough early test with no legislative majority and rising public expectations.
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