Core Points - The Bolivian Supreme Electoral Court announced that Rodrigo Paz Pereira, the candidate from the center-right Christian Democratic Party, won the presidential election with 54.5% of the votes, ending nearly 20 years of leftist government in Bolivia [1][2] - Paz's victory is attributed to his moderate and pragmatic approach, which garnered support from various voter demographics, including moderate voters and some supporters of the leftist "Movement for Socialism" party [2][3] - The new government faces significant economic challenges, including a shortage of dollars, fuel shortages, and high inflation, making effective governance and reform implementation critical for Paz [2][3] Economic Policies - Paz aims to stimulate economic growth through tax policies that encourage small and medium-sized enterprises, improve the business environment, promote energy transition, lower tariffs, and stabilize the exchange rate [1] - He emphasizes equitable distribution of fiscal resources between central and local governments [1] Domestic Policies - The new administration plans to advance judicial reform, combat corruption, and develop vocational and technical education [2] - Paz has committed to defending the autonomy rights of the indigenous population, which constitutes about half of Bolivia's population [2] Foreign Policies - Paz intends to prioritize national interests and economic cooperation in foreign policy, aiming to enhance Bolivia's international standing [2] - He views lithium resources as a key industry and welcomes foreign investment while stressing the importance of promoting local employment and industrial development [2] Governance Challenges - Analysts note that the lack of a single party controlling the multi-ethnic legislative assembly may pose challenges for the new government in implementing reforms, testing the coalition-building capabilities of the ruling party [3]