IBOV 171,259 ▲ 0.52% IPSA 10,902 ▲ 0.12% IPC MEX 66,848 ▼ 0.41% MERVAL 3,248,428 ▼ 0.89% COLCAP 2,346.79 ▼ 1.94% BVL PERÚ 57,045.35 ▼ 0.46% USD/BRL5.19▲ 0.89% USD/MXN17.55▲ 0.98% USD/CLP913.38▲ 0.75% USD/COP3,413▼ 0.92% USD/PEN3.39▲ 0.08% USD/ARS1,471▲ 0.62% USD/UYU39.91▲ 1.23% USD/PYG6,064▲ 0.60% USD/BOB6.86▲ 1.93% USD/DOP58.11▲ 0.62% USD/CRC452.10▲ 2.42% USD/GTQ7.62▲ 2.31% USD/HNL26.68▲ 1.40% USD/NIO36.62▲ 0.72% USD/VES616.09▲ 5.02% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.71▲ 0.17% USD/TTD6.69▲ 0.58% EUR/BRL5.89▼ 0.03% BRENT 76.94 ▼ 1.23% WTI 73.11 ▼ 2.29% IRON ORE 161.91 — — COPPER 6.13 ▼ 3.59% GOLD 4,128 ▼ 1.28% SILVER 61.58 ▼ 6.02% SOY 1,142 ▲ 2.31% CORN 437.75 ▲ 6.38% WHEAT 598.00 ▲ 0.08% COFFEE 275.75 ▼ 0.45% SUGAR 13.93 ▲ 4.34% ORANGE JUICE 151.05 ▼ 2.30% COTTON 78.50 ▲ 4.37% COCOA 4,661 ▲ 3.01% BEEF 246.05 ▼ 3.82% CATTLE 368.28 ▼ 0.58% LITHIUM 78.43 ▼ 5.01% PETR4 39.33 ▲ 0.41% VALE3 79.38 ▼ 1.89% ITUB4 41.05 ▲ 0.27% BBDC4 17.84 ▲ 0.91% ABEV3 16.37 ▲ 1.24% BBAS3 19.86 ▲ 1.43% B3SA3 14.72 ▲ 0.14% WEGE3 45.71 ▲ 1.02% PRIO3 56.10 ▼ 1.02% SUZB3 41.95 ▼ 0.21% RENT3 41.78 ▲ 2.35% AZZA3 20.10 ▲ 3.61% CSAN3 3.75 ▲ 2.74% RAIZ4 0.42 — 0.00% PCAR3 2.08 ▲ 1.96% GMAT3 3.84 ▲ 1.32% PSSA3 52.19 ▼ 1.97% CVCB3 1.32 ▲ 4.76% POSI3 3.86 ▼ 1.03% SLCE3 13.46 ▲ 0.30% NATU3 7.72 ▲ 0.65% BRKM5 7.60 ▲ 2.29% RANI3 7.63 ▼ 0.65% CSNA3 5.27 ▼ 1.31% CMIN3 4.28 ▼ 0.47% USIM5 8.66 ▼ 4.94% GGBR4 21.70 ▼ 0.91% ENEV3 25.20 ▲ 2.31% NEOE3 33.80 — 0.00% CPFE3 44.12 ▼ 0.56% CMIG4 10.99 ▲ 0.46% EQTL3 38.20 ▲ 1.46% LREN3 14.54 ▲ 1.04% VIVT3 34.28 ▲ 2.21% RAIL3 12.90 ▲ 3.45% KLABIN 16.81 ▼ 0.71% RAIA DROGASIL 17.00 ▲ 1.25% RDOR3 34.34 ▲ 1.51% HAPV3 10.28 ▼ 3.11% FLRY3 15.07 ▲ 0.67% SMTO3 14.77 ▲ 1.16% UGPA3 25.49 ▲ 1.07% VBBR3 29.39 ▼ 0.03% BBSE3 38.27 ▼ 0.93% BPAC11 52.80 ▲ 1.13% CURY3 34.33 ▲ 1.36% AERI3 2.13 ▼ 1.39% VIVARA 21.88 ▲ 4.64% COMPASS 25.10 ▲ 2.57% VAMOS 2.81 ▲ 2.18% SANB11 26.75 ▼ 0.74% ASAI3 7.94 ▲ 3.12% SBSP3 28.16 ▲ 0.90% WALMEX 50.68 ▲ 0.22% GMEXICO 206.10 ▼ 1.87% FEMSA 223.29 ▲ 2.70% CEMEX 21.37 ▼ 1.79% GFNORTE 184.55 ▼ 1.77% BIMBO 56.02 ▼ 0.36% TELEVISA 9.50 — 0.00% AMX 22.74 ▲ 0.35% GAP 426.86 ▼ 1.15% ASUR 296.01 ▼ 1.41% OMA 235.06 ▼ 1.00% KOF 188.09 ▲ 1.68% GRUMA 280.58 ▼ 1.13% KIMBER 37.17 ▼ 0.83% SQM-B 70,150 ▼ 1.41% COPEC 5,967 ▼ 0.22% BSANTANDER 73.00 ▼ 2.58% FALABELLA 5,686 ▼ 3.61% ENELAM 82.80 ▼ 0.72% CENCOSUD 2,159 ▼ 0.05% CMPC 1,043 ▼ 0.48% BANCO CHILE 178.10 ▼ 2.14% LATAM AIR 25.35 ▼ 0.08% YPF 74,700 ▼ 1.06% GGAL 7,960 ▼ 2.51% PAMPA 5,120 ▼ 0.97% TXAR 682.00 ▲ 2.94% ALUAR 1,033 ▲ 2.68% TGS 9,460 ▼ 2.12% CEPU 2,345 ▼ 1.39% MIRGOR 16,425 ▲ 0.15% COME 44.24 ▼ 0.81% LOMA NEGRA 3,810 ▲ 5.03% BYMA 318.50 ▲ 0.32% TELECOM ARG 4,025 ▼ 0.80% ECOPETROL 15.51 ▼ 4.55% BANCOLOMBIA 80.97 ▼ 0.38% GRUPO AVAL 5.31 ▼ 0.56% CREDICORP 368.77 ▼ 3.10% SOUTHERN COPPER 178.57 ▼ 5.97% BUENAVENTURA 31.00 ▼ 4.35% MERCADOLIBRE 1,584 ▼ 0.36% NUBANK 12.59 ▼ 1.56% XP 15.72 ▼ 1.69% PAGSEGURO 8.76 ▼ 0.57% STONE 10.72 ▼ 0.19% GLOBANT 29.28 ▼ 2.30% TECNOGLASS 45.38 ▼ 1.71% GAP AIRPORT 244.10 ▼ 1.94% ASUR 296.01 ▼ 1.41% OMA AIRPORT 107.66 ▼ 1.83% AMX ADR 25.85 ▼ 0.88% FEMSA ADR 127.11 ▲ 1.56% CEMEX ADR 12.16 ▼ 3.34% PETROBRAS ADR 17.03 ▲ 0.12% VALE ADR 15.31 ▼ 2.55% ITAU ADR 7.94 ▲ 0.13% SANTANDER BR 5.26 ▼ 0.94% AMBEV ADR 3.17 ▲ 0.80% CSN 1.04 ▼ 0.95% GERDAU 4.17 ▼ 1.88% LATAM ADR 55.74 ▲ 0.02% BTC 62,387 ▼ 2.45% ETH 1,662 ▼ 3.74% SOL 68.93 ▼ 4.14% XRP 1.10 ▼ 2.27% BNB 575.52 ▼ 2.44% ADA 0.15 ▼ 5.38% DOGE 0.08 ▼ 4.85% AVAX 6.41 ▲ 2.85% LINK 7.57 ▼ 3.71% DOT 0.91 ▼ 2.99% LTC 41.85 ▼ 6.04% BCH 192.47 ▼ 2.43% TRX 0.33 ▼ 1.55% XLM 0.19 ▼ 3.82% HBAR 0.08 ▼ 1.33% NEAR 1.99 ▼ 3.62% ATOM 1.72 ▼ 4.17% AAVE 72.06 ▼ 3.97% SELIC 14.25% EMBRAER 78.80 ▲ 0.59% EMBRAER ADR 61.08 ▲ 0.20% JBS 12.23 ▲ 2.60% JBS BDR 62.80 ▲ 1.45% MBRF3 16.80 ▲ 9.88% MBRFY 3.15 — 0.00% INTER 5.33 ▼ 1.11% EGX 51,770 ▼ 1.55% USD/ZAR16.54▲ 0.79% USD/NGN 1,366 — 0.00% NIKKEI 69,788 ▼ 3.55% CSI300 4,919 ▼ 2.77% HSI 23,336 ▼ 1.82% NIFTY 23,824 ▼ 1.16% KOSPI 8,204 ▼ 9.99% JCI 6,101 ▼ 0.25% USD/JPY161.55▼ 0.01% USD/CNY6.79▲ 0.22% DAX 24,894 ▼ 0.98% CAC 8,341 ▼ 0.71% FTSE 10,429 ▼ 0.09% MIB 52,024 ▼ 1.56% IBEX 19,477 ▼ 0.34% STOXX 634.63 ▼ 0.73% EUR/USD1.14▼ 0.39% GBP/USD1.32▼ 0.02% SPX 7,365 ▼ 1.44% DJI 51,667 ▼ 0.09% NDX 29,347 ▼ 3.29% RUT 2,975 ▼ 0.14% TSX 34,927 ▼ 0.21% VIX 19.49 ▲ 18.84% USD/CAD1.42▲ 0.34% US10Y 4.4930 ▼ 0.35% IBOV 171,259 ▲ 0.52% IPSA 10,902 ▲ 0.12% IPC MEX 66,848 ▼ 0.41% MERVAL 3,248,428 ▼ 0.89% COLCAP 2,346.79 ▼ 1.94% BVL PERÚ 57,045.35 ▼ 0.46% USD/BRL 5.19 ▲ 0.89% USD/MXN 17.55 ▲ 0.98% USD/CLP 913.38 ▲ 0.75% USD/COP 3,413 ▼ 0.92% USD/PEN 3.39 ▲ 0.08% USD/ARS 1,471 ▲ 0.62% USD/UYU 39.91 ▲ 1.23% USD/PYG 6,064 ▲ 0.60% USD/BOB 6.86 ▲ 1.93% USD/DOP 58.11 ▲ 0.62% USD/CRC 452.10 ▲ 2.42% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.68 ▲ 1.40% USD/NIO 36.62 ▲ 0.72% USD/VES 616.09 ▲ 5.02% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.71 ▲ 0.14% USD/TTD 6.69 ▲ 0.53% EUR/BRL 5.89 ▼ 0.03% BRENT 76.94 ▼ 1.23% WTI 73.11 ▼ 2.29% IRON ORE 161.91 — — COPPER 6.13 ▼ 3.59% GOLD 4,128 ▼ 1.28% SILVER 61.58 ▼ 6.02% SOY 1,142 ▲ 2.31% CORN 437.75 ▲ 6.38% WHEAT 598.00 ▲ 0.08% COFFEE 275.75 ▼ 0.45% SUGAR 13.93 ▲ 4.34% ORANGE JUICE 151.05 ▼ 2.30% COTTON 78.50 ▲ 4.37% COCOA 4,661 ▲ 3.01% BEEF 246.05 ▼ 3.82% CATTLE 368.28 ▼ 0.58% LITHIUM 78.43 ▼ 5.01% PETR4 39.33 ▲ 0.41% VALE3 79.38 ▼ 1.89% ITUB4 41.05 ▲ 0.27% BBDC4 17.84 ▲ 0.91% ABEV3 16.37 ▲ 1.24% BBAS3 19.86 ▲ 1.43% B3SA3 14.72 ▲ 0.14% WEGE3 45.71 ▲ 1.02% PRIO3 56.10 ▼ 1.02% SUZB3 41.95 ▼ 0.21% RENT3 41.78 ▲ 2.35% AZZA3 20.10 ▲ 3.61% CSAN3 3.75 ▲ 2.74% RAIZ4 0.42 — 0.00% PCAR3 2.08 ▲ 1.96% GMAT3 3.84 ▲ 1.32% PSSA3 52.19 ▼ 1.97% CVCB3 1.32 ▲ 4.76% POSI3 3.86 ▼ 1.03% SLCE3 13.46 ▲ 0.30% NATU3 7.72 ▲ 0.65% BRKM5 7.60 ▲ 2.29% RANI3 7.63 ▼ 0.65% CSNA3 5.27 ▼ 1.31% CMIN3 4.28 ▼ 0.47% USIM5 8.66 ▼ 4.94% GGBR4 21.70 ▼ 0.91% ENEV3 25.20 ▲ 2.31% NEOE3 33.80 — 0.00% CPFE3 44.12 ▼ 0.56% CMIG4 10.99 ▲ 0.46% EQTL3 38.20 ▲ 1.46% LREN3 14.54 ▲ 1.04% VIVT3 34.28 ▲ 2.21% RAIL3 12.90 ▲ 3.45% KLABIN 16.81 ▼ 0.71% RAIA DROGASIL 17.00 ▲ 1.25% RDOR3 34.34 ▲ 1.51% HAPV3 10.28 ▼ 3.11% FLRY3 15.07 ▲ 0.67% SMTO3 14.77 ▲ 1.16% UGPA3 25.49 ▲ 1.07% VBBR3 29.39 ▼ 0.03% BBSE3 38.27 ▼ 0.93% BPAC11 52.80 ▲ 1.13% CURY3 34.33 ▲ 1.36% AERI3 2.13 ▼ 1.39% VIVARA 21.88 ▲ 4.64% COMPASS 25.10 ▲ 2.57% VAMOS 2.81 ▲ 2.18% SANB11 26.75 ▼ 0.74% ASAI3 7.94 ▲ 3.12% SBSP3 28.16 ▲ 0.90% WALMEX 50.68 ▲ 0.22% GMEXICO 206.10 ▼ 1.87% FEMSA 223.29 ▲ 2.70% CEMEX 21.37 ▼ 1.79% GFNORTE 184.55 ▼ 1.77% BIMBO 56.02 ▼ 0.36% TELEVISA 9.50 — 0.00% AMX 22.74 ▲ 0.35% GAP 426.86 ▼ 1.15% ASUR 296.01 ▼ 1.41% OMA 235.06 ▼ 1.00% KOF 188.09 ▲ 1.68% GRUMA 280.58 ▼ 1.13% KIMBER 37.17 ▼ 0.83% SQM-B 70,150 ▼ 1.41% COPEC 5,967 ▼ 0.22% BSANTANDER 73.00 ▼ 2.58% FALABELLA 5,686 ▼ 3.61% ENELAM 82.80 ▼ 0.72% CENCOSUD 2,159 ▼ 0.05% CMPC 1,043 ▼ 0.48% BANCO CHILE 178.10 ▼ 2.14% LATAM AIR 25.35 ▼ 0.08% YPF 74,700 ▼ 1.06% GGAL 7,960 ▼ 2.51% PAMPA 5,120 ▼ 0.97% TXAR 682.00 ▲ 2.94% ALUAR 1,033 ▲ 2.68% TGS 9,460 ▼ 2.12% CEPU 2,345 ▼ 1.39% MIRGOR 16,425 ▲ 0.15% COME 44.24 ▼ 0.81% LOMA NEGRA 3,810 ▲ 5.03% BYMA 318.50 ▲ 0.32% TELECOM ARG 4,025 ▼ 0.80% ECOPETROL 15.51 ▼ 4.55% BANCOLOMBIA 80.97 ▼ 0.38% GRUPO AVAL 5.31 ▼ 0.56% CREDICORP 368.77 ▼ 3.10% SOUTHERN COPPER 178.57 ▼ 5.97% BUENAVENTURA 31.00 ▼ 4.35% MERCADOLIBRE 1,584 ▼ 0.36% NUBANK 12.59 ▼ 1.56% XP 15.72 ▼ 1.69% PAGSEGURO 8.76 ▼ 0.57% STONE 10.72 ▼ 0.19% GLOBANT 29.28 ▼ 2.30% TECNOGLASS 45.38 ▼ 1.71% GAP AIRPORT 244.10 ▼ 1.94% ASUR 296.01 ▼ 1.41% OMA AIRPORT 107.66 ▼ 1.83% AMX ADR 25.85 ▼ 0.88% FEMSA ADR 127.11 ▲ 1.56% CEMEX ADR 12.16 ▼ 3.34% PETROBRAS ADR 17.03 ▲ 0.12% VALE ADR 15.31 ▼ 2.55% ITAU ADR 7.94 ▲ 0.13% SANTANDER BR 5.26 ▼ 0.94% AMBEV ADR 3.17 ▲ 0.80% CSN 1.04 ▼ 0.95% GERDAU 4.17 ▼ 1.88% LATAM ADR 55.74 ▲ 0.02% BTC 62,387 ▼ 2.45% ETH 1,662 ▼ 3.74% SOL 68.93 ▼ 4.14% XRP 1.10 ▼ 2.27% BNB 575.52 ▼ 2.44% ADA 0.15 ▼ 5.38% DOGE 0.08 ▼ 4.85% AVAX 6.41 ▲ 2.85% LINK 7.57 ▼ 3.71% DOT 0.91 ▼ 2.99% LTC 41.85 ▼ 6.04% BCH 192.47 ▼ 2.43% TRX 0.33 ▼ 1.55% XLM 0.19 ▼ 3.82% HBAR 0.08 ▼ 1.33% NEAR 1.99 ▼ 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Tuesday, June 23, 2026

Latin America Bolivia

Bolivia Governor Runoff: Can Paz’s Coalition Govern?

By · April 14, 2026 · 3 min read

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Key Points

Five Bolivian departments vote Sunday April 19 in governor runoffs after no candidate met the first-round threshold of 50% or 40%-plus-10-point-lead

President Rodrigo Paz’s Alianza Patria has candidates in all five races — the runoffs will test whether the oficialismo can consolidate regional power during a deep recession

Electoral silence begins tomorrow (April 15); Santa Cruz is the tightest race at 28.3% vs 26.7%, while Chuquisaca is razor-thin at 34.7% vs 34.0%

Bolivia enters a decisive week for its Bolivia governor runoff cycle, with five of nine departments heading to the polls on Sunday to choose their regional executives. Electoral silence begins tomorrow, April 15, marking the final 72 hours before a vote that will determine how much territorial power President Rodrigo Paz’s coalition can claim barely six months into his administration.

The Rio Times, the Latin American financial news outlet, reports that the Tribunal Supremo Electoral confirmed the runoffs in Chuquisaca, Santa Cruz, Beni, Oruro, and Tarija after the March 22 first round produced the most fragmented political map in Bolivia’s democratic history. No candidate in these departments reached either 50% of valid votes or 40% with a 10-point lead over the runner-up.

The Five Bolivia Governor Runoff Matchups

Santa Cruz — Bolivia‘s economic engine — features the tightest contest. Juan Pablo Velasco of Libertad y República led the first round with 28.3% against Otto Ritter of Santa Cruz Para Todos at 26.7%. Former governor Luis Fernando Camacho, once a leading opposition figure, finished third with 22%, effectively ending his political career.

Five Departments, One Question: Can Paz’s Coalition Govern Bolivia’s Regions? (Photo Internet reproduction)
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Chuquisaca is equally close: Luis Ayllón of Alianza Gente Nueva at 34.7% versus Franz García of Alianza Patria Unidos at 34.0%. In Tarija, Adrián Oliva of Patria leads María René Soruco of Camino Democrático at 35.8% to 28.4%. Beni and Oruro present wider margins but remain politically significant tests for the oficialismo.

What’s at Stake for Alianza Patria

President Paz’s coalition has candidates in all five runoffs, making Sunday a referendum on whether the new government can translate its national mandate into regional governance. Los Tiempos reports the oficialismo is “playing its last cards” in Chuquisaca, Oruro, Tarija, and Beni.

The stakes are amplified by Bolivia’s severe economic crisis. The World Bank projects GDP contracting 3.2% in 2026, with $1.7 billion in debt service due this year.

Foreign reserves have collapsed from $15 billion a decade ago to under $2 billion. Governors who take office will inherit fiscal constraints that limit what they can deliver — making the political cost of winning almost as high as losing.

La Paz Drama and Logistics

La Paz was originally scheduled for a runoff but was removed after the opposition party Nueva Generación Patriótica unilaterally withdrew its candidate René Yahuasi. The TSE declared Luis Revilla of Alianza Patria as governor-elect without a vote and cancelled the party’s legal registration. Yahuasi protested the decision was taken without his consent and announced a legal appeal, but the TSE ratified the cancellation on April 6.

In Santa Cruz, 97 polling stations required a revote on April 5 after incidents during the first round before the runoff could be formally convoked. The TSE confirmed Monday that ballot packages are being assembled and material distribution to voting stations is underway across all five departments. Departmental electoral tribunals will assume control of public security forces on voting day.

For a country that has cycled through political crises at an exhausting pace — from the MAS collapse to the Morales ban to the August 2025 presidential vote that ended 20 years of left-wing rule — Sunday’s runoffs represent the final piece of Bolivia’s institutional reconstruction. The question is whether the new conservative order can govern a country in recession, or whether fragmentation at the regional level mirrors the dysfunction that brought down its predecessors.

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