Bolivia's New President Faces Worst Economic Crisis In Decades

Source: International Business Times

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.