Argentina, Costa Rica, Ecuador, El Salvador, Panama, Paraguay, Dominican Republic, Trinidad and Tobago and the United States This Tuesday they congratulated the elected president of Bolivia, Rodrigo Pazand they recognized the “firm commitment” of the Bolivian people to democracyin addition to declaring “prepared to support the efforts” of the new government to “stabilize” the economy of the country.
“On October 19, the Bolivian people decisively made their voices heard. This result reflects the willingness of the Bolivian people to embrace change and chart a new course for their nation and our region, marking a departure from the economic mismanagement of the last two decades.”points out the joint declaration issued after the elections in Bolivia.
In the statement, released by the Ministry of Foreign Affairs of Paraguay in your X account, the countries congratulate Paz Pereira for his victory and recognize “the Bolivian people for their firm commitment to democracy”demonstrated—as they claim—in their high voter turnout.
“The signatory countries are prepared to support the efforts of the incoming administration to stabilize Bolivia’s economy and open it to the world, strengthen its democratic institutions, boost international trade and investment, and deepen its engagement with regional and global partners on a wide range of important issues”adds the text.
Likewise, the signatories expressed their “committed to working closely” with Paz Pereira and his government “to advance the shared objectives of regional and global security, economic prosperity, and growth that benefit all our nations“.
They also stated that “welcome the renewed and proactive participation of Bolivia” in the search for solutions to regional and global challenges.
During his campaign, the future president He anticipated that he would face the economic crisis with a model based on export release and the support of “friendly countries” to overcome fuel shortages.
Paz Pereira will assume power on November 8inheriting a country with a accumulated inflation of 18.33% until September, well above the 7.5% projected by 2025and one external debt of 13,741.7 million dollars.
The Bolivian economywhich recorded a negative growth of -2.40% in the first half of 2025the first contraction in 49 yearsfaces lack of dollars and fuel supply problems.
Meanwhile, the outgoing president, Luis Arceprojected a growth of 3.51%but international organizations such as the World Bank (WB) They foresee a 0.50% decrease for this year.
