IBOV 177,310.14 ▼ 0.13% IPSA 11,020.34 ▲ 0.10% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.60% USD/MXN17.51▲ 0.66% USD/CLP947.21▲ 1.24% USD/COP3,224▼ 0.10% USD/PEN3.39▼ 0.22% USD/ARS1,489▲ 0.43% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.24% BRENT 87.03 ▼ 7.48% WTI 92.49 ▲ 6.52% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.83% GOLD 4,049 ▼ 2.35% SILVER 57.69 ▼ 3.88% SOY 1,243 ▲ 0.81% CORN 485.25 ▲ 5.03% WHEAT 698.00 ▼ 1.10% COFFEE 309.95 ▼ 2.12% SUGAR 14.69 ▼ 0.34% ORANGE JUICE 147.80 ▼ 1.66% COTTON 81.49 ▲ 2.03% COCOA 5,204 ▼ 2.33% BEEF 220.53 ▼ 1.20% CATTLE 338.28 ▼ 0.85% LITHIUM 68.78 ▼ 0.32% PETR4 43.32 ▲ 1.74% VALE3 76.17 ▲ 1.42% ITUB4 42.44 ▼ 1.07% BBDC4 18.74 ▼ 1.21% ABEV3 15.94 ▼ 1.18% BBAS3 20.95 ▼ 0.66% B3SA3 15.69 ▼ 1.32% WEGE3 45.13 ▼ 3.44% PRIO3 61.18 ▲ 2.36% SUZB3 42.21 ▼ 1.05% RENT3 36.68 ▼ 1.24% AZZA3 17.58 ▼ 1.29% CSAN3 3.91 ▼ 0.26% RAIZ4 0.28 ▲ 3.70% PCAR3 2.79 ▲ 1.45% GMAT3 3.88 ▼ 0.77% PSSA3 55.22 ▼ 0.41% CVCB3 1.26 ▼ 0.79% POSI3 3.68 ▼ 0.54% SLCE3 13.93 ▼ 0.21% NATU3 8.63 ▼ 0.58% BRKM5 6.19 ▲ 1.98% RANI3 8.00 — 0.00% CSNA3 5.43 ▲ 0.93% CMIN3 5.75 ▼ 1.54% USIM5 8.61 ▼ 0.46% GGBR4 24.14 ▲ 0.33% ENEV3 25.64 ▼ 1.27% CPFE3 46.47 ▼ 0.51% CMIG4 11.18 ▼ 0.27% EQTL3 38.93 ▼ 1.07% LREN3 13.35 ▼ 1.40% VIVT3 34.84 ▼ 1.53% RAIL3 13.89 ▲ 1.83% KLABIN 17.68 ▼ 1.39% RAIA DROGASIL 18.47 ▲ 0.98% RDOR3 33.79 ▼ 2.03% HAPV3 10.93 ▼ 4.04% FLRY3 16.69 ▲ 0.24% SMTO3 16.15 ▲ 0.62% UGPA3 33.07 ▲ 0.73% VBBR3 35.18 ▲ 0.57% BBSE3 42.57 ▼ 0.02% BPAC11 56.27 ▼ 1.32% CURY3 29.82 ▼ 1.26% AERI3 2.06 ▲ 0.49% VIVARA 21.49 ▼ 0.28% COMPASS 24.90 ▲ 0.36% VAMOS 3.18 ▼ 1.55% SANB11 26.74 ▼ 0.78% ASAI3 8.19 ▼ 2.50% SBSP3 28.83 ▼ 1.57% WALMEX 47.46 ▼ 2.45% GMEXICO 209.38 ▼ 2.62% FEMSA 225.62 ▼ 0.93% CEMEX 21.67 ▼ 2.26% GFNORTE 191.22 ▼ 0.21% BIMBO 60.07 ▼ 0.38% TELEVISA 9.75 ▼ 0.71% AMX 22.69 — 0.00% GAP 379.23 ▲ 0.66% ASUR 269.40 ▼ 1.51% OMA 227.84 ▼ 0.38% KOF 181.03 ▼ 0.89% GRUMA 279.55 ▼ 0.32% KIMBER 38.82 — 0.00% SQM-B 66,500 ▲ 2.22% COPEC 6,447 ▼ 1.57% BSANTANDER 80.27 ▲ 0.53% FALABELLA 6,030 ▼ 0.20% ENELAM 84.63 ▲ 0.12% CENCOSUD 1,998 ▼ 0.59% CMPC 1,066 ▼ 0.41% BANCO CHILE 193.32 ▼ 0.09% LATAM AIR 23.60 ▼ 2.03% YPF 82,875 ▲ 0.45% GGAL 8,080 ▼ 2.36% PAMPA 5,600 ▼ 0.44% TXAR 667.50 ▼ 0.07% ALUAR 975.00 ▲ 0.10% TGS 10,060 ▲ 1.56% CEPU 2,397 ▼ 0.58% MIRGOR 16,625 ▼ 1.77% COME 42.71 ▼ 1.00% LOMA NEGRA 3,753 ▼ 1.51% BYMA 291.25 ▼ 1.44% TELECOM ARG 4,243 ▼ 4.02% ECOPETROL 16.81 ▲ 0.72% BANCOLOMBIA 85.92 ▲ 1.49% GRUPO AVAL 4.95 ▼ 1.79% CREDICORP 391.15 ▼ 0.64% SOUTHERN COPPER 182.69 ▼ 6.54% BUENAVENTURA 31.11 ▼ 3.05% MERCADOLIBRE 1,773 ▼ 1.44% NUBANK 14.20 ▼ 2.17% XP 17.15 ▼ 0.87% PAGSEGURO 9.42 ▼ 2.64% STONE 10.99 ▼ 3.30% GLOBANT 29.92 ▼ 2.45% TECNOGLASS 44.23 ▼ 2.19% GAP AIRPORT 216.34 ▼ 0.55% ASUR 269.40 ▼ 1.51% OMA AIRPORT 104.01 ▼ 1.27% AMX ADR 25.89 ▼ 0.88% FEMSA ADR 128.51 ▼ 1.84% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.29 ▲ 2.09% VALE ADR 14.95 ▲ 0.64% ITAU ADR 8.35 ▼ 1.59% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.11 ▼ 0.96% CSN 1.08 ▼ 0.91% GERDAU 4.76 ▼ 0.31% LATAM ADR 49.53 ▼ 3.38% BTC 64,906 ▼ 1.81% ETH 1,892 ▼ 2.16% SOL 76.30 ▼ 2.06% XRP 1.11 ▼ 2.88% BNB 566.40 ▼ 0.76% ADA 0.17 ▼ 2.47% DOGE 0.07 ▼ 4.66% AVAX 6.42 ▼ 2.98% LINK 8.47 ▼ 1.74% DOT 0.81 ▼ 2.54% LTC 46.33 ▼ 1.57% BCH 213.89 ▼ 2.76% TRX 0.33 ▼ 0.67% XLM 0.18 ▼ 2.56% HBAR 0.07 ▼ 1.25% NEAR 1.88 ▲ 0.43% ATOM 1.44 ▼ 1.95% AAVE 95.90 ▼ 1.50% SELIC 14.25% EMBRAER 83.35 ▼ 0.53% EMBRAER ADR 65.03 ▼ 1.54% JBS 12.03 ▼ 1.80% JBS BDR 61.17 ▼ 1.02% MBRF3 16.12 ▲ 0.56% MBRFY 3.14 ▼ 1.57% INTER 5.48 ▼ 3.69% EGX 53,932 ▼ 0.11% USD/ZAR16.77▲ 2.30% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.82▲ 0.41% USD/CNY6.77▼ 0.10% DAX 24,750 ▼ 1.61% CAC 8,296 ▼ 1.68% FTSE 10,636 ▼ 0.76% MIB 51,406 ▼ 2.63% IBEX 19,259 ▼ 1.59% STOXX 639.23 ▼ 1.19% EUR/USD1.14▼ 0.31% GBP/USD1.33▼ 0.52% SPX 7,383 ▼ 1.55% DJI 51,594 ▼ 1.20% NDX 28,310 ▼ 2.37% RUT 2,931 ▼ 0.99% TSX 35,103 ▼ 1.08% VIX 19.88 ▲ 19.47% USD/CAD1.41▲ 0.03% US10Y 4.7070 ▲ 1.07% IBOV 177,310.14 ▼ 0.13% IPSA 11,020.34 ▲ 0.10% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.60% USD/MXN 17.51 ▲ 0.66% USD/CLP 947.21 ▲ 1.24% USD/COP 3,224 ▼ 0.10% USD/PEN 3.39 ▼ 0.22% USD/ARS 1,489 ▲ 0.43% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 0.24% BRENT 87.03 ▼ 7.48% WTI 92.49 ▲ 6.52% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.83% GOLD 4,049 ▼ 2.35% SILVER 57.69 ▼ 3.88% SOY 1,243 ▲ 0.81% CORN 485.25 ▲ 5.03% WHEAT 698.00 ▼ 1.10% COFFEE 309.95 ▼ 2.12% SUGAR 14.69 ▼ 0.34% ORANGE JUICE 147.80 ▼ 1.66% COTTON 81.49 ▲ 2.03% COCOA 5,204 ▼ 2.33% BEEF 220.53 ▼ 1.20% CATTLE 338.28 ▼ 0.85% LITHIUM 68.78 ▼ 0.32% PETR4 43.32 ▲ 1.74% VALE3 76.17 ▲ 1.42% ITUB4 42.44 ▼ 1.07% BBDC4 18.74 ▼ 1.21% ABEV3 15.94 ▼ 1.18% BBAS3 20.95 ▼ 0.66% B3SA3 15.69 ▼ 1.32% WEGE3 45.13 ▼ 3.44% PRIO3 61.18 ▲ 2.36% SUZB3 42.21 ▼ 1.05% RENT3 36.68 ▼ 1.24% AZZA3 17.58 ▼ 1.29% CSAN3 3.91 ▼ 0.26% RAIZ4 0.28 ▲ 3.70% PCAR3 2.79 ▲ 1.45% GMAT3 3.88 ▼ 0.77% PSSA3 55.22 ▼ 0.41% CVCB3 1.26 ▼ 0.79% POSI3 3.68 ▼ 0.54% SLCE3 13.93 ▼ 0.21% NATU3 8.63 ▼ 0.58% BRKM5 6.19 ▲ 1.98% RANI3 8.00 — 0.00% CSNA3 5.43 ▲ 0.93% CMIN3 5.75 ▼ 1.54% USIM5 8.61 ▼ 0.46% GGBR4 24.14 ▲ 0.33% ENEV3 25.64 ▼ 1.27% CPFE3 46.47 ▼ 0.51% CMIG4 11.18 ▼ 0.27% EQTL3 38.93 ▼ 1.07% LREN3 13.35 ▼ 1.40% VIVT3 34.84 ▼ 1.53% RAIL3 13.89 ▲ 1.83% KLABIN 17.68 ▼ 1.39% RAIA DROGASIL 18.47 ▲ 0.98% RDOR3 33.79 ▼ 2.03% HAPV3 10.93 ▼ 4.04% FLRY3 16.69 ▲ 0.24% SMTO3 16.15 ▲ 0.62% UGPA3 33.07 ▲ 0.73% VBBR3 35.18 ▲ 0.57% BBSE3 42.57 ▼ 0.02% BPAC11 56.27 ▼ 1.32% CURY3 29.82 ▼ 1.26% AERI3 2.06 ▲ 0.49% VIVARA 21.49 ▼ 0.28% COMPASS 24.90 ▲ 0.36% VAMOS 3.18 ▼ 1.55% SANB11 26.74 ▼ 0.78% ASAI3 8.19 ▼ 2.50% SBSP3 28.83 ▼ 1.57% WALMEX 47.46 ▼ 2.45% GMEXICO 209.38 ▼ 2.62% FEMSA 225.62 ▼ 0.93% CEMEX 21.67 ▼ 2.26% GFNORTE 191.22 ▼ 0.21% BIMBO 60.07 ▼ 0.38% TELEVISA 9.75 ▼ 0.71% AMX 22.69 — 0.00% GAP 379.23 ▲ 0.66% ASUR 269.40 ▼ 1.51% OMA 227.84 ▼ 0.38% KOF 181.03 ▼ 0.89% GRUMA 279.55 ▼ 0.32% KIMBER 38.82 — 0.00% SQM-B 66,500 ▲ 2.22% COPEC 6,447 ▼ 1.57% BSANTANDER 80.27 ▲ 0.53% FALABELLA 6,030 ▼ 0.20% ENELAM 84.63 ▲ 0.12% CENCOSUD 1,998 ▼ 0.59% CMPC 1,066 ▼ 0.41% BANCO CHILE 193.32 ▼ 0.09% LATAM AIR 23.60 ▼ 2.03% YPF 82,875 ▲ 0.45% GGAL 8,080 ▼ 2.36% PAMPA 5,600 ▼ 0.44% TXAR 667.50 ▼ 0.07% ALUAR 975.00 ▲ 0.10% TGS 10,060 ▲ 1.56% CEPU 2,397 ▼ 0.58% MIRGOR 16,625 ▼ 1.77% COME 42.71 ▼ 1.00% LOMA NEGRA 3,753 ▼ 1.51% BYMA 291.25 ▼ 1.44% TELECOM ARG 4,243 ▼ 4.02% ECOPETROL 16.81 ▲ 0.72% BANCOLOMBIA 85.92 ▲ 1.49% GRUPO AVAL 4.95 ▼ 1.79% CREDICORP 391.15 ▼ 0.64% SOUTHERN COPPER 182.69 ▼ 6.54% BUENAVENTURA 31.11 ▼ 3.05% MERCADOLIBRE 1,773 ▼ 1.44% NUBANK 14.20 ▼ 2.17% XP 17.15 ▼ 0.87% PAGSEGURO 9.42 ▼ 2.64% STONE 10.99 ▼ 3.30% GLOBANT 29.92 ▼ 2.45% TECNOGLASS 44.23 ▼ 2.19% GAP AIRPORT 216.34 ▼ 0.55% ASUR 269.40 ▼ 1.51% OMA AIRPORT 104.01 ▼ 1.27% AMX ADR 25.89 ▼ 0.88% FEMSA ADR 128.51 ▼ 1.84% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.29 ▲ 2.09% VALE ADR 14.95 ▲ 0.64% ITAU ADR 8.35 ▼ 1.59% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.11 ▼ 0.96% CSN 1.08 ▼ 0.91% GERDAU 4.76 ▼ 0.31% LATAM ADR 49.53 ▼ 3.38% BTC 64,906 ▼ 1.81% ETH 1,892 ▼ 2.16% SOL 76.30 ▼ 2.06% XRP 1.11 ▼ 2.88% BNB 566.40 ▼ 0.76% ADA 0.17 ▼ 2.47% DOGE 0.07 ▼ 4.66% AVAX 6.42 ▼ 2.98% LINK 8.47 ▼ 1.74% DOT 0.81 ▼ 2.54% LTC 46.33 ▼ 1.57% BCH 213.89 ▼ 2.76% TRX 0.33 ▼ 0.67% XLM 0.18 ▼ 2.56% HBAR 0.07 ▼ 1.25% NEAR 1.88 ▲ 0.43% ATOM 1.44 ▼ 1.95% AAVE 95.90 ▼ 1.50% SELIC 14.25% EMBRAER 83.35 ▼ 0.53% EMBRAER ADR 65.03 ▼ 1.54% JBS 12.03 ▼ 1.80% JBS BDR 61.17 ▼ 1.02% MBRF3 16.12 ▲ 0.56% MBRFY 3.14 ▼ 1.57% INTER 5.48 ▼ 3.69% EGX 53,932 ▼ 0.11% USD/ZAR 16.80 ▲ 2.38% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.87 ▲ 0.48% USD/CNY 6.7646 ▲ 0.01% DAX 24,750 ▼ 1.61% CAC 8,296 ▼ 1.68% FTSE 10,636 ▼ 0.76% MIB 51,406 ▼ 2.63% IBEX 19,259 ▼ 1.59% STOXX 639.23 ▼ 1.19% EUR/USD 1.1377 ▼ 0.28% GBP/USD 1.3311 ▼ 0.49% SPX 7,383 ▼ 1.55% DJI 51,594 ▼ 1.20% NDX 28,310 ▼ 2.37% RUT 2,931 ▼ 0.99% TSX 35,103 ▼ 1.08% VIX 19.88 ▲ 19.47% USD/CAD 1.4093 ▲ 0.08% US10Y 4.7070 ▲ 1.07%
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Thursday, July 23, 2026

Latin America Bolivia

After 20 Years Of Socialist Rule, Bolivia Elects Conservative Rodrigo Paz In Historic Runoff

By · October 20, 2025 · 2 min read

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Bolivia has chosen a new course. In the country’s first presidential runoff since the 2009 Constitution, Rodrigo Paz defeated former president Jorge “Tuto” Quiroga by roughly 54.5% to 45.5%.

The handover is slated for November 8, closing two decades in which the Movement for Socialism (MAS) set the national agenda.

The result is about more than a change of names. Voters faced fuel lines, scarce U.S. dollars, and prices that have been hard to tame—real-life strains that eroded patience with a political project that once commanded broad loyalty.

MAS splintered and failed to reach the second round, a sign of fatigue with old battles and a desire to keep social gains while fixing basic economic functioning.

Election day itself underscored institutional resilience. Polls ran from 08:00 to 16:00, and anyone in line could vote.

More than 34,000 polling tables were staffed by roughly 211,000 citizen jurors, with 1,227 tables set up abroad for nearly 370,000 registered Bolivian voters overseas. Around 30,000 police provided security.

After 20 Years Of Socialist Rule, Bolivia Elects Conservative Rodrigo Paz In Historic Runoff
After 20 Years Of Socialist Rule, Bolivia Elects Conservative Rodrigo Paz In Historic Runoff
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After 20 Years Of Socialist Rule, Bolivia Elects Conservative Rodrigo Paz In Historic Runoff

International observers from organizations including the OAS, the European Union, UNIORE, the UN, and Mercosur monitored the process—detail that matters in a region where trust in elections is never automatic.

Paz arrives with a biography that speaks to generational turnover. A senator from Tarija and son of former president Jaime Paz Zamora, he was born in Spain during his father’s exile.

Bolivia’s Runoff Debate: ‘Dollars Now’ Versus ‘Cuts First’

He campaigned on a simple trade-off: keep core social protections while restarting growth through investment—especially in energy and mining—so fuel and foreign currency are available and daily life stabilizes.

To govern, he will have to build coalitions in a fragmented legislature.

The story behind the story is economic gravity. Bolivia’s model—heavy subsidies, tight currency management, and reliance on hydrocarbons—ran headlong into shortages of fuel and dollars.

The next chapter turns on whether the new government can unlock investment, set clear rules for gas and lithium, and calm prices without provoking social pain.

Why this matters outside Bolivia: the country’s energy choices affect regional supply and its lithium policies touch global battery chains.

If Paz converts the vote for change into a steadier economy, the impact will be felt beyond the Andes.

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