Story perspectives

Bolivia's New President Promises Capitalism Amid Crisis

11/11/2025

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Summary

Story summary

Rodrigo Paz, Bolivia's president, was inaugurated on November 10, 2025, ending nearly two decades of socialist governance.
He inherits a severe crisis with inflation above 20% and fuel shortages.
In his inauguration speech, Paz promised a capitalism-for-all approach while maintaining social programs.
One of his first actions was restoring full diplomatic relations with the United States, severed for 17 years.
Paz vowed reform to address the dire financial situation.

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Story summary

Rodrigo Paz, Bolivia's president, was inaugurated on November 10, 2025, ending nearly two decades of socialist governance.
He inherits a severe crisis with inflation above 20% and fuel shortages.
In his inauguration speech, Paz promised a capitalism-for-all approach while maintaining social programs.
One of his first actions was restoring full diplomatic relations with the United States, severed for 17 years.
Paz vowed reform to address the dire financial situation.