In a historic political shift, Bolivia has elected centre-right candidate Rodrigo Paz as its new president, ending nearly two decades of leftist governance. The 58-year-old former finance minister promises economic liberalization, anti-corruption measures, and institutional reforms to revive the nation’s stagnant economy.
A Narrow Victory in Divided Bolivia
Paz secured 52% of the vote, narrowly defeating Juan del Granado of the Movement for Socialism (MAS). The tight race highlights Bolivia’s deep political divisions but also signals widespread demand for change after years of economic challenges.
“Today, Bolivia chooses a new path—one of prosperity, transparency, and unity,” Paz declared in his victory speech.
A Rejection of Socialist Legacy?
Analysts view Paz’s win as a referendum on the socialist policies of former President Evo Morales, who resigned in 2019 amid election fraud allegations. Rising inflation and slow growth under MAS rule likely fueled voter frustration.
“Paz must bridge Bolivia’s divides while delivering on reforms,” says political analyst María Fernández.
Key Challenges for the New President
Paz faces major hurdles, including:
– A divided Congress (his coalition lacks a majority)
– Resistance from labor unions and indigenous groups wary of privatization
– Pressure to attract foreign investment in lithium and mining
His ability to balance economic reforms with social welfare protections will be crucial.
Global Reactions to the Election
The U.S. praised Bolivia’s “free and fair” election, while China—a key lithium investor—signaled openness to collaboration. Neighboring Brazil and Argentina hope for stronger regional ties.
What Comes Next?
Paz takes office in January 2025, with his early policies under intense scrutiny. Investors await economic stabilization, while MAS-aligned groups vow to hold him accountable.
“We voted for change, but progress takes time,” said a La Paz voter. “Paz must prove himself.”
As Bolivia enters this new era, the world watches to see if Paz can unite the country and deliver on his promises.
