Overview
- Taking office after the October 19 runoff with 54.96% of the vote, the PDC leader pledged a “capitalism for all” program to revive growth.
- Paz said he inherits a devastated economy with dollar and fuel shortages and the lowest international reserves in three decades.
- His government announced emergency fuel deliveries and reported securing about US$3.1 billion in financing from the Development Bank of Latin America (CAF).
- A regional realignment was underscored by the presence of Argentina’s Javier Milei, Chile’s Gabriel Boric, Ecuador’s Daniel Noboa, Paraguay’s Santiago Peña and Uruguay’s Yamandú Orsi, the attendance of U.S. Deputy Secretary of State Christopher Landau, and the absence of Venezuela, Cuba and Nicaragua.
- On the eve of the handover, MAS expelled outgoing president Luis Arce over alleged fund diversion, and former interim leader Jeanine Áñez was released after her conviction was annulled and took part in inauguration events.