• 2026.07.24 (Fri)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > World

Bolivia Ends Two Decades of Leftist Rule as Centrist Paz Wins Presidential Election

Eugenio Rodolfo Sanabria Reporter / Updated : 2025-10-20 16:48:54
  • -
  • +
  • Print

La Paz, Bolivia - Rodrigo Paz (58), a centrist candidate from the Christian Democratic Party, has been elected as the new President of Bolivia (5-year term), securing 52.2% of the votes in the second round run-off held on October 19 (local time). The victory marks the end of nearly 20 years of continuous leftist rule in the nation, which began with the 2005 election.

The Supreme Electoral Tribunal announced that Paz defeated right-wing candidate Jorge Quiroga (65), who garnered 47.8% of the valid votes. Paz, a former mayor of Tarija and son of ex-President Jaime Paz Zamora, is classified by Western media as a centrist or center-right politician.

The decisive shift comes amid a systemic crisis for Bolivia, characterized by a state-led economic model, a shortage of US dollars, incompetence, and corruption—issues that led to a thorough rejection of the ruling Movement for Socialism (MAS) party by the electorate. The leftist MAS, under former presidents Evo Morales and Luis Arce, had been the dominant political force in the country.

Paz's administration is expected to favor a cautious and moderate approach, focusing on decentralizing government authority, promoting private sector growth, and maintaining social welfare programs. Critically, the new government is set to pivot in its foreign policy. Paz, who met with the Donald Trump administration during his campaign, has signaled a clear intent to move away from the previous pro-Russia and pro-China stance to strengthen ties and dialogue with the United States.

This foreign policy shift is drawing international attention, particularly given Bolivia’s critical position in the "Lithium Triangle" alongside Argentina and Chile. China has heavily invested in securing the country's mineral resources, making Bolivia a new focal point in the US-China geopolitical competition.

Paz, who takes office on November 8, with his term running until November 2030, stated after the vote, "A very unpleasant time is now over. Now is the time for change and innovation." The outcome also hints at a slow retreat of the "Pink Tide" of leftist governments in Latin America, where right-leaning politicians have recently gained power in several countries like Argentina, Ecuador, and El Salvador.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #micorea
  • #mykorea
  • #Lifeplaza
  • #nammidonganews
  • #singaporenewsk
  • #Samsung
  • #Daewoo
  • #Hyosung
  • #A
Eugenio Rodolfo Sanabria Reporter
Eugenio Rodolfo Sanabria Reporter

Popular articles

  • ChatGPT Converses Like a Human: OpenAI Rolls Out 'GPT Live' to Eliminate Voice Delays

  • International Oil Prices Hit Four-Month Low as Shipping Resumes in Strait of Hormuz

  • Asia's Largest Telecom Expo Kicks Off in China: AI and Token Economy Take Center Stage

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065599288999610 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • US Finalizes Section 301 ‘Forced Labor Tariffs’ on 60 Nations; South Korea Hit with 12.5% Duty
  • Daejeon Confirmed to Host the 2029 Invictus Games… First in Asia
  • Coupang’s ‘Chameleon Management’ Arbitrarily Switching Its Nationality
  •  U.S. Moves to Sever Chinese Materials and Components from Defense Supply Chains
  • Saudi Arabia Launches Naval Protection Measures as Houthi Blockade Threat Escalates in Bab-el-Mandeb Strait
  • Google Developing Custom AI Chip Optimized for Gemini, to Be Produced Alongside Existing TPUs

Most Viewed

1
[Special Feature] Laying the Foundation for Korea's Informatization: Looking Back at the 1st Administrative Computer Network Project - Part 1
2
Baek Geum-ja Wooriot to Host 'Musical Costume Fashion Gala Show' at DDP
3
South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won
4
Google Cloud Deploys ‘Gemini Enterprise’ to Samsung Electronics DX Division
5
[Special Feature] The Foundation of Korea’s Informatization: Looking Back at the 1st Administrative Computer Network Project - Part 2
광고문의
임시1
임시3
임시2

Hot Issue

US Finalizes Section 301 ‘Forced Labor Tariffs’ on 60 Nations; South Korea Hit with 12.5% Duty

South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won

KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall

Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 향기네무료급식
  • BCB부천방송
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers