Rodrigo Paz Pereira, 58, won the presidential runoff election in Bolivia on Sunday, according to the quick count of the Preliminary Results System of the Supreme Electoral Tribunal (TSE).
His victory marks the end of two decades of left-wing rule and the beginning of a new political stage in the South American country.
Paz managed to win 54.53 percent of the votes, 9 percentage points higher than former president Jorge “Tuto” Quiroga who obtained 45.44 percent of the votes.
Paz will assume office on Nov. 8 for a five-year term from 2025 to 2030.
The newly elected president will have to face a weakened economy, marked by fuel shortages, fiscal deficits and a prolonged lack of foreign exchange caused by declining international reserves.
