Bolivia‘s Rodrigo Paz Inaugurated as President, Vows Economic Shift
LA PAZ, Bolivia - November 8, 2025 – Rodrigo Paz was sworn in today as Bolivia’s president, marking teh end of nearly two decades of rule by the Movement for Socialism (MAS) party.the 58-year-old son of a former president received applause at the ceremony held at the Bolivian seat of congress.
“God, family and country: yes, I take the oath of office,” Paz declared, having won a run-off election last month. He pledged to open bolivia to the world after two decades of left-wing governance.
Paz inherits an economy facing its most severe crisis in 40 years, with year-on-year inflation exceeding 20 percent and shortages of fuel and US dollars. The previous government, led by Luis Arce, depleted the nation’s hard currency reserves attempting to maintain fuel subsidies.
The newly inaugurated president campaigned on a platform of “capitalism for all,” advocating for decentralization, lower taxes, and fiscal discipline alongside continued social spending. He has also promised to restore ties with the united States and cooperate with international organizations on security, including the US Drug Enforcement Administration, which was expelled from Bolivia in 2008.
The MAS party, founded by Evo Morales, benefited from a commodities boom in the early 2000s, but its economic model of subsidies and a fixed exchange rate has since faltered.
Delegations from over 70 countries and local dignitaries attended Paz’s inauguration. “Never again an isolated Bolivia, bound by failed ideologies, or a Bolivia with its back turned to the world,” Paz stated during the ceremony.
