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To Escape Economic Crisis, Bolivia Has a Painful Road Ahead

By Raúl Peñaranda U.

Whoever wins this year’s election, the next president will face the daunting task of implementing bitter reforms.

LA PAZ—Bolivia is heading into uncharted territory as the August 17 elections near. For the first time in two decades, former President Evo Morales, the leader of the once-dominant Movimiento al Socialismo (MAS) will not appear anywhere on the ballot. Meanwhile, the public is preparing to vote with inflation at 24%, its highest level in over three decades, making the presidential race an unpredictable test for the political system and its institutions. For Bolivians, it is a wholly new experience to see polls indicating that two right-wing opposition leaders, most likely Samuel Doria...

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