Upon taking office in November 2025, Bolivian President Rodrigo Paz declared an “Economic, Financial, Energy, and Social Emergency.” A centrist senator who was considered a long shot for the presidency, Paz had been elected on a decisive mandate to turn the country around after nearly two decades of rule by the Movement for Socialism (MAS) — first under Evo Morales (2006-2019) and then under Luis Arce (2019-2025). To do so will be difficult. […]