The highlights this week: Bolivia elects a new president , Uruguay legalizes euthanasia , and the IMF issues a report card on regional economies .

Welcome back to Foreign Policy’s Latin America Brief.

The highlights this week: Bolivia elects a new president, Uruguay legalizes euthanasia, and the IMF issues a report card on regional economies.

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Mr. Paz in La Paz

Center-right candidate Rodrigo Paz won decisively in Bolivia’s presidential runoff election on Sunday, ushering in a new political era for the country. For most of the past two decades, Bolivia has been run by the leftist Movement Toward Socialism (MAS) party of former President Evo Morales.

But disillusionment with MAS was so great that the party did not make it to this year’s runoff. That left voters to choose between Paz, a senator, and right-wing candidate Jorge Quiroga. On Sunday, Quiroga quickly acknowledged Paz’s victory. So did Morales, who previously criticized both candidates and asked his supporters to spoil their ballots.

Maps of the vote breakdown indicate that much of MAS’s Indigenous and working-class base put their hopes in Paz. Like Quiroga, Paz promised pro-market reforms—but unlike his right-wing opponent, he suggested that they would be gradual rather than abrupt. Paz espoused what he called “capitalism for all,” including for the benefit of poorer Bolivians.

The country’s deep economic crisis appears to have driven many Bolivians to seek a