
Negotiations between the Bolivian Government of President Rodrigo Paz Pereira and the Bolivian Workers' Union (COB) collapsed on Friday, leaving the country's instability on the brink of further escalation.
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Bolivian President Rodrigo Paz Pereira issued Supreme Decree 5515, allowing him to exercise full constitutional powers through digital means and electronic signatures while outside the country. The move comes amid escalating nationwide protests over the so-called Gasolinazo (end of fuel subsidies resulting in price hikes) and a notorious rift between the head of State and Vice President Edmand Lara.
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Bolivia's powerful labor and transport unions confirmed they would launch an indefinite national strike starting Monday after President Rodrigo Paz Pereira vowed that Supreme Decree 5503, eliminating decades-old fuel subsidies, was a non-negotiable starting point for his administration.

Bolivian President Rodrigo Paz Pereira has announced a drastic economic overhaul, declaring a state of economic, financial, energetic, and social emergency, which includes ending fuel subsidies that have been in place for over 20 years and implementing a significant increase in the minimum wage to offset the resulting inflation.

Bolivian President Rodrigo Paz Pereira announced Wednesday that his administration would eliminate tariffs on all technological products not manufactured domestically to lower consumer costs, fighting smuggling, and boosting national production.

The Bolivian government confirmed this week that the US Drug Enforcement Administration (DEA) will return to the country very soon, marking a significant change in the country's anti-drug policy since the agency was expelled in 2008 by former President Evo Morales.

Bolivia was granted a US$550 million loan as part of a program to support the country's economic recovery, the Development Bank of Latin America (CAF) said on Monday in a statement from its Southern Region's headquarters in Montevideo.

Rodrigo Paz Pereira, a 58-year-old center-right politician, was inaugurated as the President of Bolivia on Saturday, assuming a five-year mandate amid a severe economic crisis. The son of former President Jaime Paz Zamora won the Oct. 19 runoff with 54.5% of the vote, successfully ending two decades of dominance by the leftwing Movement Towards Socialism (MAS).

Bolivia's president-elect, Rodrigo Paz Pereira, announced on Monday his intention to reestablish diplomatic relations with the United States after a 17-year hiatus under the Movement Toward Socialism (MAS) governments.

Rodrigo Paz won Sunday's runoff and will become Bolivia's next president. With 97% of the ballots counted, the center-right senator secured 54.5% of the vote, defeating former right-wing president Jorge Tuto Quiroga, who received 45.4%.