Bolivia elected a pro-market centrist on Sunday after two decades of
   socialist rule. Rodrigo Paz wants to strengthen ties with the US and
   boost foreign investment in mining of its huge mineral wealth.

   It’s a major departure for the country: Long-serving former President
   Evo Morales and his successors courted US adversaries, including China
   and Iran. But Morales was deposed in 2019 after corruption scandals,
   and the country has slipped into decline: [1]People queue for days for
   fuel, The Times of London reported, and food prices have tripled in
   three years.

   The new leader faces major challenges: Bolivia’s deficit is 20% of GDP,
   gas production has halved since 2014, [2]and inflation is at 23%, The
   Wall Street Journal reported.
   Annual inflation rate in select countries.

References

   1. https://www.thetimes.com/world/latin-america/article/evo-morales-bolivia-ex-president-interview-b0jm6622h
   2. https://www.wsj.com/world/americas/bolivia-elects-pro-market-president-after-two-decades-of-socialist-rule-9ee36e35?mod=hp_lead_pos4