October 21, 2020 |
Bolivian bonds tumbled on Tuesday after President-elect Luis Arce from the left-wing Movimiento al Socialismo (MAS) party claimed victory in this week's election, but analysts and investors are hopeful the next government will implement pragmatic policies to ensure economic stability.
"The bonds dropped because of worrisome future economic management," said an analyst in New York.
The official count is still underway, but preliminary results put Arce in a commanding lead with roughly 60%. Arce w
Analysts worry that President-elect Luis Arce will fail to rein in spending, but others say he will reassure investors with sound policies