Bolivia Elects Centrist Rodrigo Paz Ending Two Decades of Leftist Rule

Rodrigo Paz, a centrist candidate from the Christian Democratic Party, has been elected as the new President of Bolivia, ending nearly two decades of socialist rule by the Movement Towards Socialism party. Paz won the presidential runoff with approximately 54.5% of the vote against former President Jorge Quiroga, who conceded defeat and urged his supporters to maintain peace despite some allegations of electoral fraud. Both candidates advocate for market-based economic reforms, with Paz campaigning on "Capitalism for All" and Quiroga promoting private ownership of natural resources. The election marks a significant political shift in Bolivia, reflecting public discontent with the previous socialist administration amid economic challenges. Quiroga, who previously served briefly as president and vice president, acknowledged the election results and pledged to continue contributing to Bolivia's welfare. This transition signals a move towards a more moderate and conservative governance in the country.