{"id":1559,"date":"2025-11-08T19:36:47","date_gmt":"2025-11-08T19:36:47","guid":{"rendered":"https:\/\/inernews.online\/?p=1559"},"modified":"2025-11-08T19:36:47","modified_gmt":"2025-11-08T19:36:47","slug":"paz-sworn-in-as-bolivias-president-promises-capitalism-for-all-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=1559","title":{"rendered":"Paz sworn in as Bolivia\u2019s president, promises \u2018capitalism for all\u2019 | News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>Rodrigo Paz faces Bolivia\u2019s worst economic crisis in 40 years, with high inflation and a shortage of fuel and dollars.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 8 Nov 2025<\/span><span aria-hidden=\"true\">8 Nov 2025<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>Rodrigo Paz has been sworn in as Bolivia\u2019s president, ushering in a new era for the South American nation after nearly 20 years of governance by the Movement for Socialism (MAS) party.<\/p>\n<p>Paz, the 58-year-old son of a former president, and a pro-business conservative, drew applause at the swearing-in ceremony on Saturday at the Bolivian seat of congress.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 3 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>\u201cGod, family and country: yes, I take the oath of office,\u201d said Paz, who won a run-off election last month.<\/p>\n<p>In his inauguration speech, he later said Bolivia would now be open to the world after two decades of left-wing governance.<\/p>\n<p>The Movement Toward Socialism party, founded by charismatic former President Evo Morales, had its heyday during the commodities boom of the early 2000s, but natural gas exports have sputtered, and its statist economic model of generous subsidies and a fixed exchange rate has collapsed.<\/p>\n<figure id=\"attachment_4093650\" aria-describedby=\"caption-attachment-4093650\" style=\"width:770px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-arc-image-770 wp-image-4093650\" src=\"https:\/\/www.aljazeera.com\/wp-content\/uploads\/2025\/11\/2025-11-08T165958Z_1015325082_RC2FSHAZQRA7_RTRMADP_3_BOLIVIA-POLITICS-INAUGURATION-1762622695.jpg?w=770&amp;resize=770%2C513&amp;quality=80\" alt=\"Bolivian President-elect Rodrigo Paz reacts and Vice President-elect Edmand Lara raise their arms Paz's swearing-in ceremony at the Plurinational Legislative Assembly in La Paz, Bolivia, November 8, 2025. \" fetchpriority=\"low\"\/><figcaption id=\"caption-attachment-4093650\" class=\"wp-caption-text\">Bolivian President-elect Rodrigo Paz reacts and Vice President-elect Edmand Lara raise their arms at Paz\u2019s swearing-in ceremony at the Plurinational Legislative Assembly in La Paz, Bolivia, November 8, 2025 [Luis Gandarillas\/Pool via Reuters]<\/figcaption><\/figure>\n<p>Paz will have to address Bolivia\u2019s worst economic crisis in 40 years, with year-on-year inflation at more than 20 percent and a chronic shortage of fuel and dollars.<\/p>\n<p>The outgoing government of Luis Arce exhausted almost all of Bolivia\u2019s hard currency reserves to prop up a policy of petrol and diesel subsidies.<\/p>\n<p>On the campaign trail, the Christian Democrat Paz promised a \u201ccapitalism for all\u201d approach to economic reform, with decentralisation, lower taxes and fiscal discipline mixed with continued social spending.<\/p>\n<p>He also promised to maintain social programmes while stabilising the economy, but economists have said the two things are not possible at the same time.<\/p>\n<p>Paz has promised to restore ties with the United States.<\/p>\n<p>\u201cNever again an isolated Bolivia, bound by failed ideologies, or a Bolivia with its back turned to the world,\u201d Paz said during a ceremony attended by delegations from more than 70 countries and local VIPs.<\/p>\n<p>Paz also announced after the election that his government will cooperate with all international organisations on security matters, including the US Drug Enforcement Administration, which Morales expelled from Bolivia at the end of 2008.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rodrigo Paz faces Bolivia\u2019s worst economic crisis in 40 years, with high inflation and a shortage of fuel and dollars. Published On 8 Nov 20258 Nov 2025 Click here to share on social media share2 Share Rodrigo Paz has been sworn in as Bolivia\u2019s president, ushering in a new era for the South American nation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latin-america-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/1559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1559"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/1559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/1560"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}