Overview
- Final results show Rodrigo Paz defeating Jorge Quiroga with 55 percent of the runoff vote, and Quiroga conceded as authorities reported a smooth process.
- Paz emerged from dark-horse status after taking a surprise 32 percent plurality in the first round despite polling in single digits beforehand.
- His campaign drew former MAS voters by pledging to protect social benefits while encouraging private-sector growth, gaining traction in rural and highland regions.
- Bolivia confronts 17 percent inflation and dwindling dollar reserves that are squeezing imports and debt payments, placing immediate pressure on the incoming government.
- Foreign interest in Bolivia’s vast lithium reserves remains intense from China and Russia, and Paz’s openness to closer ties with Washington could heighten competition over resources.