Overview

• With nearly all votes counted, the electoral tribunal showed Paz at about 54.5–54.6% over Jorge “Tuto” Quiroga at roughly 45.4–45.5%, and Quiroga conceded.
• The result ends almost two decades of rule by the Movement Toward Socialism, as international observers reported a calm vote under strengthened safeguards.
• Voters punished a deep economic downturn marked by about 23% inflation, severe shortages of U.S. dollars and fuel, and a collapse in natural gas exports.
• Paz advocates gradual reforms that preserve social programs and phase fuel subsidies, rejecting an immediate IMF-led shock package favored by Quiroga.
• The president-elect is due to be sworn in on November 8, plans to stabilize fuel and dollar supplies, pursue investment and closer U.S. ties, and must build coalitions in a fragmented legislature.