• 2026.05.08 (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

  • South Korean OTAs Pivot to Inbound and Domestic Tourism Amid Middle East Conflict Despite Record 2025 Earnings

  • Trump Warns Iran Against Hormuz Tolls as "Joint Venture" Talk Recedes

  • Celltrion’s ADC Candidate CT-P71 Granted FDA Fast Track Designation for Urothelial Carcinoma

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

Comments 0

Weekly Hot Issue

  • South Korea’s KOSPI Surges to 7th in Global Market Cap, Overtaking Canada and UK
  • Global Pay Parity Demands Shaking Tech Giants: Samsung and SK Hynix Face Rising Labor Unrest in China
  • the 28th Overseas Koreans Literary Awards
  • Ambassador Hyuk-sang Sohn attended the "2026 Educational Community Sports Day" held at the Korean School of Paraguay on Friday, May 1.
  • Official Presentation of Credentials in Paraguay
  • U.S. World Cup "Host City Boom" Fizzles: Hotel Bookings Slump One Month Before Kickoff

Most Viewed

1
Iran Imposes Transit Fees on Strait of Hormuz Amid Escalating Maritime Tensions
2
Korea and Vietnam Forge Strategic Partnership in Science, Technology, and Innovation
3
Kurly Abandons 'All-Paper' Packaging Strategy Amid Rising Cost Pressures
4
Tradition Meets the Public: Chungju’s Gugak Busking
5
80% of Enterprises Hit by 'AI Agent Anomalies': SailPoint Calls for Integrated Identity Governance
광고문의
임시1
임시3
임시2

Hot Issue

Hyundai Motor Group Bets $700 Million on Mexico Amid Trade Policy Volatility

Honda Halts $15B Canada EV Plant Plans Amid Strategic Pivot to Hybrids

Digital Ghosts: The Rise of AI Ex-Partner Replicas and the Ethics of "Technological Mourning"

Kakao Hits Record Q1 Performance: Operating Profit Surges 66% as Focus Shifts to "Agentic AI"

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
  • 에이펙2025
  • APEC2025가이드북TV
  • 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