Opinion

PRESIDENT PAZ: Bolivia has rejected socialism and is open for business

With reserves rebuilt from $51M to nearly $1.2B, Bolivia is courting American investors in lithium, copper, and natural gas

By Rodrigo Paz Pereira Fox News

Published September 26, 2026 7:23am EDT

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Bolivia minister warns of leftist threat to democracy, lauds White House

Amid President Trump’s Western Hemisphere policy success, Bolivian Minister of the Presidency Fernando Aramayo says Bolivia is defending democracy, fighting organized crime and drawing White House support.

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Bolivia is beginning a new chapter.

For nearly two decades, my country was governed by the Movement Toward Socialism. That period reshaped Bolivia’s economy, institutions, and relationship with the United States. Today, my government is taking a different direction: rebuilding confidence, strengthening institutions, opening the economy to investment, and creating more room for private enterprise and entrepreneurship.

When I took office, Bolivia’s Central Bank had only $51 million in reserves. Ten months later, reserves had risen to close to $1.2 billion, and our objective is to continue rebuilding them. Inflation remains high, fuel shortages have tested our people, and the work ahead is difficult. But the direction is clear: Bolivia is putting its economic house in order.

TRUMP ADMIN BACKS........

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