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Bolivian political and economic crisis

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2026-09-28 05:12 UTC → 2026-09-29 15:27 UTC · added ~~removed~~

Bolivia continues to face political and economic instability under President Rodrigo Paz. Recent tensions have escalated following Paz’s address to the United Nations General Assembly, where he advocated for a “capitalism for all” model focused on investment, technology, and industrialization. During his speech, Paz criticized the ideological legacy of previous administrations, specifically referencing Hugo Chávez and Evo Morales, asserting that their influence left the country “devastated.” He also denounced organizations he characterized as being linked to “narcoterrorism” following recent social blockades. This international stance has drawn sharp domestic criticism. Former President Evo Morales accused Paz of using the UN platform to deflect from domestic scandals and claimed the President was merely repeating United States talking points. While Morales’s supporters gathered in the Cochabamba tropics to defend him against potential arrest, other leaders like Senator Nilton Condori and Governor Leonardo Loza voiced opposition to Paz’s principles and resource management. Economic grievances have intensified. Businessman Samuel Doria Medina and Deputy Patricia Patiño have criticized government spending, specifically questioning the expenditure of approximately $3 million USD for a 12-page supplement in USA Today, arguing that such international promotional efforts bypass local media while the country faces financial difficulties. Additionally, former Health Minister Gabriela Montaño accused the banking sector of profiting from the crisis by exploiting dollar exchange rate fluctuations, calling for financial institutions to assist in resolving the economic burden rather than placing it on lower-income citizens. Andrónico Rodríguez has also maintained that market deregulation has failed to lower the cost of basic goods. In response to criticisms regarding his recent travel to the United States, President Paz defended the trip, stating it was strictly for official purposes to secure economic resources. He claimed the mission resulted in investment commitments exceeding $10 billion.

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