Socialists Retake Bolivia a Year After Morales Was Ousted
- Luis Arce set to become president after main rival concedes
- Nation’s dollar bonds drop after unexpected election result
A campaign rally for Luis Arce in La Paz, Bolivia, on Oct. 14.
Photographer: Marcelo Perez del Carpio/BloombergThis article is for subscribers only.
Bolivia’s socialist movement is set to return to power a year after its leader Evo Morales was ousted and driven into exile. The nation’s bonds dropped after the surprise result.
Morales’s ally Luis Arce, a U.K.-educated economist, won the presidential election on Sunday, as his main rival, Carlos Mesa, conceded defeat.