Bolivia votes runoff signals major shift from 20-year socialist rule

Bolivia is experiencing a historic political shift as it holds its first presidential runoff election in 20 years without the ruling Movimiento al Socialismo (MAS) party. The runoff features two right-leaning candidates, centrist Senator Rodrigo Paz and conservative former President Jorge Quiroga, both of whom have pledged to improve relations with the United States and pursue market-friendly economic policies. This marks a significant departure from the leftist MAS era, characterized by former President Evo Morales's socialist policies, nationalization, and alliances with countries like Cuba and Russia. The country faces a severe economic crisis with high inflation and fuel shortages, amplifying voters' desire for change and economic stabilization through potential U.S. financial support. The election symbolizes a broader rightward political trend in Bolivia and South America, with the hope of reversing the economic decline experienced under two decades of socialist governance. Despite enthusiasm for change, experts caution that the new government will confront substantial challenges in rebuilding Bolivia's economy and managing its international relations.