New Finance Minister Appointed in Bolivia Amid Economic Challenges

November 9, 2025 - 22:10

Former central bank director and economist José Gabriel Espinoza was sworn in on Sunday as Bolivia’s new finance minister. He steps into the role during a critical time for the nation, which is grappling with severe economic challenges including rampant inflation, shortages of essential goods, and a significant decline in foreign reserves.

Espinoza's appointment comes as the Bolivian government seeks to implement measures to stabilize the economy and restore public confidence. His experience in economic policy and financial management will be crucial as he navigates the complexities of the current economic landscape.

The new finance minister is expected to work closely with other government officials to develop strategies aimed at curbing inflation and addressing supply chain issues that have led to shortages. As Bolivia looks to recover and strengthen its economy, the focus will be on fostering sustainable growth and ensuring financial stability for its citizens.