US EditionBolivia’s new president Rodrigo Paz faces empty reserves and fractured congress
- Rodrigo Paz will be sworn in as Bolivia's President on November 8, inheriting an economy in turmoil and needing to negotiate reforms to stabilize the country.
- Bolivia's economy is facing its worst crisis in decades, with inflation above 20% and a lack of reserves in the central bank, according to economist Juan Sola at BancTrust & Co.
- Paz's Christian Democratic Party is the largest in the legislature but lacks a majority, requiring him to build alliances to pass legislation.
- Paz aims to cut energy subsidies and pursue support from multilateral lenders like the International Monetary Fund for economic recovery.
12 Articles
12 Articles
Rodrigo Paz of the Christian Democratic Party, who won the second round of Bolivia's presidential election held on October 19, will be inaugurated tomorrow.
The Straits Times
The Star Kuala LumpurBolivia's new president Rodrigo Paz faces empty reserves and fractured congress
LA PAZ - Bolivia's President-elect Rodrigo Paz will be sworn in on Saturday, inheriting an economy in turmoil and facing tricky negotiations in the legislature to pass reforms economists say are needed to stabilize the country's finances. Read more at straitstimes.com.
The Print
WTVBBolivia’s new president Rodrigo Paz faces empty reserves and fractured congress
LA PAZ (Reuters) -Bolivia's President-elect Rodrigo Paz will be sworn in on Saturday, inheriting an economy in turmoil and facing tricky negotiations in the legislature to pass reforms economists say
“I believe that in years to come, if we do things right, Bolivia will be federal, which will empower its regions,” said President Paz.
Although Rodrigo Paz's party is the largest in the Legislative Assembly, he has no majority in any of the Houses, which will require the formation of alliances.
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