
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.
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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%.