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Bolivia’s Incoming Government Hits Early Rift as Paz Seeks US Reset to Tackle Crisis

Paz pursues a Washington reset to unlock multilateral loans, signaling a pivot by excluding leaders of Venezuela, Cuba, Nicaragua from his inauguration.

Overview

  • Vice president-elect Edman Lara said Rodrigo Paz no longer answers his calls and warned him not to become “drunk with power,” claiming some actors want to sideline his authority.
  • PDC figures moved to cool tensions, with deputy-elect Claudia Bilbao calling Lara’s charge a presumption and adviser José Luis Lupo saying Lara will play a key coordinating role with the legislature.
  • Paz is organizing meetings in Washington with the US government and multilateral lenders including the World Bank, IDB, CAF and IMF to secure financing and replenish depleted reserves.
  • The incoming administration cites urgent goals to ease dollar scarcity and fuel shortages in an economy where annual inflation topped 23% and subsidies drained foreign currency holdings.
  • Paz said he will not invite the leaders of Venezuela, Cuba and Nicaragua to his November 8 swearing-in, ALBA suspended the next administration’s participation, and Paz posted that Nicolás Maduro does not represent democratic values.