Bolivia's new president Rodrigo Paz takes the helm

The Star

Rodrigo Paz Pereira was sworn in as the President of Bolivia on Saturday (Nov 8), inheriting an economy described as "on the verge of death" by an adviser to his incoming government, and facing a significant national debt.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00Rodrigo Paz Pereira was sworn in as Bolivia's president on Saturday, inheriting an economy

00:08described by his advisor as on the verge of death and burdened with heavy national debt.

00:1458-year-old Paz, son of a former president, pledged to tackle the economic crisis,

00:20vowing to defend the poor and work with the opposition to rebuild the country's future.

00:30His inauguration marked a historic shift after nearly two decades of leftist rule,

00:55as he called for national unity to overcome the country's economic challenges.

01:00During Paz's campaign, the Christian Democrat leader promoted a capitalism-for-all approach,

01:06combining decentralization, lower taxes, and fiscal discipline.

01:11The ceremony also signaled renewed diplomatic ties, with U.S. Deputy Secretary of State Christopher Landau

01:17announcing plans to restore ambassadorial relations between the two nations after years of strained ties.

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