IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL5.64▲ 1.06% USD/MXN18.59▼ 0.07% USD/CLP994.00▲ 1.14% USD/COP3,302▼ 0.16% USD/PEN3.41▼ 0.06% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES909.35▲ 0.67% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.23▲ 0.06% BRENT 95.55 ▲ 3.01% WTI 88.37 ▲ 2.13% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.16% GOLD 3,888 ▼ 2.80% SILVER 50.04 ▼ 3.55% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 1.12% USD/MXN 18.59 ▼ 0.07% USD/CLP 994.00 ▲ 1.14% USD/COP 3,302 ▼ 0.16% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 2.15% USD/TTD 6.71 ▲ 2.19% EUR/BRL 6.25 ▲ 0.26% BRENT 95.55 ▲ 3.01% WTI 88.37 ▲ 2.13% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.16% GOLD 3,888 ▼ 2.80% SILVER 50.04 ▼ 3.55% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
since 2009
Friday, November 13, 2026

Bolivia Emerging From the Crisis

By · · 4 min read

RIO DE JANEIRO, BRAZIL – Bolivia has for the time being emerged from the chaotic days following the resignation of President Evo Morales on November 10th, discredited by constitutional breaches and electoral fraud.

Since November 23rd the country’s Catholic Bishops’ Conference, the United Nations, and the European Union played an important role as mediators in talks between the transitional government under Jeanine Áñez, the majority party Movimiento al Socialismo (MAS), trade unions, indigenous groups, and other influential organizations.

Former Bolivian President Evo Morales.
Former Bolivian President Evo Morales.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Agreement in Congress

As a result, both sides agreed on a law in the MAS-controlled parliament on December 6th, paving the way for the establishment of a new electoral authority and new elections, presumably next March. The law also confirms the constitutional provision that a president may not stand for re-election after two terms in office; Morales had disregarded the result of a referendum he had initiated himself with the help of a compliant judiciary.

The suspension by the interim government of a decree protecting the armed forces from criminal liability in maintaining law and order contributed to a positive climate of dialogue. This further fueled protests after it became clear that the majority of deaths in November had been attributed to the army and police.

Whether there will be an impartial investigation of the most serious incidents and whether the victims will be compensated is now unclear. There is no agreement either on the number of fatalities. While the interim government speaks of 29, the Inter-American Commission on Human Rights has reported 36.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Colombia's president announces a new cartel airstrike”

Foreign policy change of course

The interim government’s explicit mission is to establish law and order and to hold clean elections as soon as possible. Nevertheless, it has purposefully established new conditions, particularly in the foreign policy field.

It has announced Bolivia’s exit from the Bolivarian Alliance headed by Chavista Venezuela, expelled Venezuelan and Cuban aid workers called in by Morales, reoccupied the ambassador post in Washington and resumed diplomatic relations with Israel, which were severed in 2009.

Interim President of Bolivia, Jeanine Áñez.
Interim President of Bolivia, Jeanine Áñez.

Whether this change of course will last depends on the outcome of the new elections. Morales’ MAS is likely to remain the strongest party in the country, provided the current opposition parties do not unite.

It is unlikely that this will happen, given its broad spectrum; it is becoming apparent that several candidates will be competing against the MAS candidacy in the first round of the presidential elections. In particular, there is talk of the moderately conservative former President Carlos Mesa, who was able to win the presidential election regardless of the electoral fraud of the 20th century.

Luis Camacho, the right-wing conservative, who played a leading role in the protests against Morales as head of the Citizens’ Committee in Santa Cruz and who has a major influence on the direction of the interim government.

From Mexico to Argentina

For the time being it is unclear how much Morales will continue to influence the MAS party in the future. Morales can no longer legally run for the presidency and during his Mexican exile, he announced that he would not run for the presidency.

He has since moved to Buenos Aires on December 12th, shortly after the new Peronist government of Argentina under Alberto Fernández took office. Argentina borders Bolivia and is home to around 350,000 Bolivian emigrants. Under the status of political refugee, Morales would be banned from public political activity there.

However, he does not seem willing to comply with this and leaves no doubt that he intends to remain involved in Bolivian politics. The MAS party has already appointed him as its election campaign manager.

Luis Camacho, the right-wing conservative, who played a leading role in the protests against Evo Morales.
Luis Camacho, the right-wing conservative, who played a leading role in the protests against Evo Morales.

Ex-President under arrest warrant

However, it is unlikely that Morales will be able to perform this task fully. The Bolivian judiciary prevented his return by issuing an arrest warrant on December 19th against Morales for insurgency and terrorism. The accusation is that after his flight to Mexico, he urged his followers to block the main cities of Bolivia in order to cut off their supplies of fuel and food.

This is said to be the result of an intercepted telephone conversation, the authenticity of which Morales denies. If the ex-president were to enter Bolivia in secrecy, take action there and eventually be arrested, a peaceful election process would undoubtedly be jeopardized.

During Morales’ reign, it became apparent that a growing part of the MAS no longer wanted to unconditionally dance to his tune. The party’s presidential candidate will shed some light on this.

The main candidates under discussion are Andrónico Rodríguez, vice president of the Cochabamba Coca-Planters Association, which formed Morales’ personal political basis, former foreign minister David Choquehuanca, and Adriana Salvatierra, who stepped down in November following Morales’ resignation.

Clear verdict of the OAS

Morales has been definitively discredited by the Organization of American States’ (OAS) final report on the November 20th elections that was published on December 4th. It clearly describes how the result of the first round of the presidential election was falsified with the connivance of the electoral authorities of the time, in order to save Morales from being disqualified.

 

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.