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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