Bolivia's New President Faces Worst Economic Crisis In Decades

Bolivians elected Rodrigo Paz as president as the country faces its worst economic crisis in decades (Credit: AFP)

Bolivians elected Rodrigo Paz as president on Sunday, selecting the center-right senator and economist to address the country's worst economic crisis in 40 years.

Paz, 58, campaigned on slashing public spending, especially on fuel subsidies, and vowed a "capitalism for all" approach to economic reform in a marked shift from the preceding two decades of socialist government.