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AmericasDecember 2 2019

Will new president bring positive change for Bolivia’s banks?

Bolivia’s political upheaval means changes ahead for the country’s banking sector, which will be hoping for a review of its high taxes. Lucien Chauvin reports from La Paz.
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Bolivia’s economy, including its financial system, will undergo changes in 2020, regardless of who takes over the resource-rich country after the resignation of long-serving president Evo Morales. 

Mr Morales resigned November 10, 2019 after calling a new vote and an overhaul of the election agency – three weeks after the original election in which he won a highly disputed fourth term with 47% of the vote, which his opponents claimed was fraudulent. The vice-president and leaders of the two chambers of Congress, all members of the Movement for Socialism party, resigned alongside the president. 

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