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Rodrigo Paz Becomes Bolivia’s New President
(MENAFN) Rodrigo Paz, a center-right politician who triumphed in Bolivia’s presidential runoff on October 19, officially took the oath of office before parliament on Saturday to lead the nation for the 2025–2030 term.
Paz assumed his role after receiving the presidential sash during a formal session in Congress, held in the administrative capital, La Paz.
In his address, he stated that previous administrations had left the nation’s economy “in collapse, trapped in inflation and debt.”
He continued, “We inherited a destroyed country,” emphasizing that “they left us with a collapsed economy, the lowest international reserves in 30 years, inflation, shortages, debt, and insecurity.”
Drawing attention to the country’s financial turmoil, Paz remarked, “They left behind unjustifiable fiscal deficits. Corruption has practically become state policy. We are saying enough to ideologies that can no longer put food on the table.”
He further declared, “We reject a system that does not respect employment, production, growth, and private property.”
Directing criticism toward former leaders of the Movement for Socialism (MAS) party, Paz questioned: “In the presence of international witnesses, the armed forces and the police, I want to ask, where is the gas? Where is the sea of gas you promised? Evo where is the lithium? Arce, where is the gas?” he asked rhetorically, referring to former presidents Evo Morales and Luis Arce.
The inauguration was attended by dignitaries and representatives from Argentina, Chile, Ecuador, Paraguay, Uruguay, Peru, Brazil, Panama, El Salvador, Costa Rica, as well as US Deputy Secretary of State Christopher Landau.
Paz assumed his role after receiving the presidential sash during a formal session in Congress, held in the administrative capital, La Paz.
In his address, he stated that previous administrations had left the nation’s economy “in collapse, trapped in inflation and debt.”
He continued, “We inherited a destroyed country,” emphasizing that “they left us with a collapsed economy, the lowest international reserves in 30 years, inflation, shortages, debt, and insecurity.”
Drawing attention to the country’s financial turmoil, Paz remarked, “They left behind unjustifiable fiscal deficits. Corruption has practically become state policy. We are saying enough to ideologies that can no longer put food on the table.”
He further declared, “We reject a system that does not respect employment, production, growth, and private property.”
Directing criticism toward former leaders of the Movement for Socialism (MAS) party, Paz questioned: “In the presence of international witnesses, the armed forces and the police, I want to ask, where is the gas? Where is the sea of gas you promised? Evo where is the lithium? Arce, where is the gas?” he asked rhetorically, referring to former presidents Evo Morales and Luis Arce.
The inauguration was attended by dignitaries and representatives from Argentina, Chile, Ecuador, Paraguay, Uruguay, Peru, Brazil, Panama, El Salvador, Costa Rica, as well as US Deputy Secretary of State Christopher Landau.
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