Rodrigo Paz assumed Bolivia’s presidency in November 2025 after defeating Jorge Quiroga in a runoff that ended two decades of Movement for Socialism dominance. Traders are focused on sustained anti-government protests that began in April 2026, triggered by austerity steps including fuel subsidy reductions and land reform proposals. Demonstrations have featured road blockades, clashes resulting in deaths, and explicit calls for Paz’s resignation, testing his coalition’s legislative support and subnational electoral gains from March 2026. The administration has pursued salary cuts for officials, dialogue appeals, and U.S. diplomatic engagement while facing an inherited economic crisis. No scheduled national votes or constitutional deadlines fall within typical near-term resolution windows, leaving street-level mobilization and institutional responses as the main variables that could alter removal probabilities.