China News Agency, Beijing, November 9th La Paz News: On the 8th local time, Bolivian President-elect Luis Arce was sworn in in La Paz, the administrative capital of the country, beginning his five-year term.

  According to news from Bolivia's official ABI news agency on the 8th, Arce was sworn in and delivered an inaugural speech in Congress that day.

When talking about the new government's agenda, Arce emphasized that the biggest challenge of the new government is to promote economic recovery, increase employment opportunities, and improve people's living standards.

Arce said that the new government supports the multi-polarization of the world, and the Community of Latin American and Caribbean States is the best choice for peace and development in the region.

Arce also pointed out that Bolivia will "open a new stage in history and establish an inclusive government for everyone. Under the premise of eliminating discrimination, it will always seek to live in peace and rebuild a unified homeland."

  The report also stated that Arce will be the 67th President of Bolivia.

In October of this year, as a candidate for the "Movement for Socialism" of the Bolivian political party, Arce was elected as the new president of Bolivia with 55.1% of the votes.

Arce is 57 years old and has served as Minister of Finance and Economy in the three-term administration of former President Morales. He is known as the "Architect of Rapid Growth in Bolivia". He will work to repair the political crisis and the new crown virus pandemic Disagreement.

  According to CNN reports, Spanish King Felipe VI, Argentine President Fernández, Colombian President Duke, Paraguayan President Benitez and other foreign dignitaries attended the inauguration ceremony that day.

Senior officials from Chile, Iran and Venezuela and representatives of some diplomatic agencies in Bolivia also attended the ceremony.

  General elections in Bolivia are held every 5 years.

In November 2019, the then President Morales was forced to resign due to a turmoil of election fraud.

The then second deputy speaker of the Senate Agnès announced his appointment as interim president, and the interim government subsequently decided to re-elect.

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