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Bolivia's New President Faces Worst Economic Crisis In Decades

Bolivia
International Business Times Fews App News Provider
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Bolivians elected Rodrigo Paz as president as the country faces its worst economic crisis in decades AFP Bolivians elected Rodrigo Paz as president on Sunday, selecting the center-right senator and economist to address the country's worst economic crisis in 40 years. Paz, 58, campaigned on slashing public spending, especially on fuel subsidies, and vowed a "capitalism for all" approach to economic reform in a marked shift from the preceding two decades of socialist government. The president-elect, who will assume office on November 8, has promised that his governance style will be one of "consensus," as he hopes to gain public trust in a divided society.

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