Background and Context
Bolivia, a country of 11.3 million inhabitants, is facing an acute economic crisis after two decades of left-wing governments. The country, rich in lithium resources, has nearly depleted its dollar reserves to fund costly fuel subsidies. The annual inflation rate reached 24.8% in July, and the economic downturn has significantly impacted daily life.
Since 2005, the ruling Movement Towards Socialism (MAS) has won all presidential elections in the first round, with Evo Morales (2006-2019) and current president Luis Arce (2020-2025). However, the deteriorating economic situation and a leadership dispute have diminished the left’s chances, according to opinion polls.
Key Candidates
Samuel Doria Medina: A 66-year-old millionaire businessman and right-wing presidential candidate, Doria Medina is one of the frontrunners in the upcoming election. He has run for office four times before, currently competing against former right-wing president Jorge Quiroga (2001-2002) for the presidency.
Jorge Quiroga: The former president of Bolivia from 2001 to 2002, Quiroga is also vying for the presidency in this election. He faces Doria Medina in a highly anticipated runoff, expected on October 19.
Doria Medina’s Proposal
In response to the economic crisis, Doria Medina has pledged a 100-day action plan to tackle shortages of fuel, dollars, and essential goods. He urged voters for their trust to navigate the country out of this economic turmoil peacefully and democratically.
Impact on Bolivians
The economic crisis has severely affected Bolivians’ lives, causing shortages of essential goods and skyrocketing inflation. Doria Medina’s proposed plan aims to alleviate these issues and restore stability in the country.
Key Questions and Answers
- Who is Samuel Doria Medina? A 66-year-old millionaire businessman and right-wing presidential candidate, Doria Medina is running for office for the fourth time in Bolivia’s upcoming election.
- What is the current economic situation in Bolivia? Bolivia is experiencing an acute economic crisis, with nearly depleted dollar reserves and high inflation rates. The country’s fuel subsidies have strained its finances, leading to shortages of essential goods.
- Who are Doria Medina’s main rivals? Doria Medina is competing against former right-wing president Jorge Quiroga in the upcoming election. A runoff is expected on October 19.
- What is Doria Medina’s proposed solution to the economic crisis? Doria Medina has pledged a 100-day action plan to address shortages of fuel, dollars, and essential goods if elected.
