Bolivia's new economy minister sworn in after predecessor's censure

Christian Morales Burgos assumed the role of Bolivia's Minister of Economy and Public Finance, taking the oath of office in La Paz. Morales, previously the Deputy Minister of the Treasury and Public Credit, steps into the position following the censure of his predecessor, José Gabriel Espinoza.

Espinoza was removed from his post after failing to appear before Parliament to explain the government's economic policies amidst the nation's current economic crisis. The censure followed a parliamentary vote, and Espinoza's subsequent attempt to challenge it through a constitutional action was ultimately withdrawn, solidifying his removal.

Upon taking office, Morales expressed gratitude for the trust placed in him and acknowledged the significant work ahead. "I assume this responsibility with deep gratitude and with full awareness of the work that lies before us," he stated. His stated commitments include preserving economic stability, strengthening public finances, and fostering an environment conducive to investment, production, and job creation.

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I assume this responsibility with deep gratitude and with full awareness of the work that lies before us.

President Rodrigo Paz highlighted Morales's familiarity with the various economic institutions and the challenges faced during the current administration's tenure, which began in November. The president urged the new minister to be open, transparent, and accessible, reminding him that "we work for the people, for the homeland."

Morales's appointment comes after a period of political and economic uncertainty, with Espinoza's removal marking a significant shift in the government's economic leadership. The new minister faces the immediate task of addressing the ongoing economic crisis and implementing policies to stabilize and stimulate the Bolivian economy.

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We work for the people, for the homeland.