Investing

Arce Seeks Referendum on Bolivia Reelection Laws, Subsidies

Luis Arce, Bolivia's president, speaks during a press conference at La Casa del Pueblo in La Paz, Bolivia, on Thursday, June 27, 2024. President Arce late Wednesday swore in a new army commander general after troops led by his predecessor stormed the presidential palace Wednesday in an attempted coup. (Marcelo Perez del Carpio/Bloomberg)

(Bloomberg) -- Bolivia’s President Luis Arce said he’ll seek a referendum on reelection rules and fuel prices as the Latin American nation is buffeted by political and economic crises.

Arce said in a post on X that he sent a letter to the nation’s electoral authority requesting the vote, which would have four questions. 

The first question would ask voters whether they want to modify the constitution to allow a president to be reelected more than once, provided a third term isn’t continuous with the first two. A rejection of this proposal would thwart the reelection efforts of Arce’s rival, former president Evo Morales. 

“This is clearly a question designed to bar Morales,” according to Carlos Toranzo, a La Paz-based political scientist. 

The second and third questions would ask whether to continue subsidizing gasoline and diesel, while the final question would ask whether the number of deputies should rise.

(Adds analyst comment from fourth paragraph)

©2024 Bloomberg L.P.

Top Videos