financetom
Economy
financetom
/
Economy
/
Bolivia's Arce says country facing coup as soldiers seize central square
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bolivia's Arce says country facing coup as soldiers seize central square
Jun 26, 2024 3:06 PM

LA PAZ, June 26 (Reuters) - Bolivian armed forces took

over the central square in La Paz on Wednesday and an armored

vehicle rammed the entrance to the presidential palace as

leftist President Luis Arce slammed a "coup" against the

government and called for international support.

Arce denounced the mobilization of some army units in La Paz

led by General Juan Jose Zuniga, who was recently stripped of

his military command, and demanded the troops demobilize.

"Today the country is facing an attempted coup d'état. Today

the country faces once again interests so that democracy in

Bolivia is cut short," he said in comments from the presidential

palace, with armed soldiers outside.

"The Bolivian people are summoned today. We need the

Bolivian people to organize and mobilize against the coup d'état

in favor of democracy."

The United States said it was closely monitoring the

situation and urged calm and restraint.

Tensions have been building in Bolivia ahead of general

elections in 2025, with leftist ex-President Evo Morales

planning to run against former ally Arce, creating a major rift

in the ruling socialist party and wider political uncertainty.

Many do not want a return of Morales, who governed from

2006-2019 when he was ousted amid widespread protests and

replaced by an interim conservative government. Arce then won

election in 2020.

Zuniga said recently that Morales should not be able to

return as president and threatened to block him if he attempted

to, which led Arce to remove him from his post.

On Wednesday, heavily armed soldiers and armored vehicles

gathered in the central Plaza Murillo square, which is home to

the presidential palace and Congress. A Reuters witness saw an

armored vehicle ramming into a door of presidential palace and

soldiers rushing in.

Zuniga addressed reporters in the square and cited growing

anger in the landlocked country, which has been battling an

economic slump with depleted central bank reserves and pressure

on the boliviano currency as gas exports have dried up.

"The three chiefs of the armed forces have come to express

our dismay. There will be a new cabinet of ministers, surely

things will change, but our country cannot continue like this

any longer," Zuniga told a local TV station.

"Stop destroying, stop impoverishing our country, stop

humiliating our army," he said in full uniform, flanked by

soldiers, insisting the action being taken was supported by the

public.

'STRONGEST CONDEMNATION'

Morales, head of the ruling MAS socialist party, said that

his supporters would mobilize in support of democracy.

He accused Zuniga of seeking to stage a coup and announced a

general work stoppage including a call to block roadways.

"We will not allow the armed forces to violate democracy and

intimidate people," Morales said.

Public support for Arce and Bolivia's democracy has poured

in from regional leaders, while even conservative political

opponents in Bolivia including jailed ex-President Jeanine Anez

have strongly condemned the military action.

"We express the strongest condemnation of the attempted coup

d'état in Bolivia. Our total support and support for President

Luis Alberto Arce Catacora," Mexican President Andres Manuel

Lopez Obrador said on X.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US, China To Ease Tariffs Gradually After 'Complex' Talks, Says Morgan Stanley — But Cuts China's Growth Outlook
US, China To Ease Tariffs Gradually After 'Complex' Talks, Says Morgan Stanley — But Cuts China's Growth Outlook
May 25, 2025
As the U.S. and China continue to send mixed signals about the progress of their trade talks, economists at Morgan Stanley project that both nations will begin negotiations and slowly decrease tariffs on Chinese imports to 60% by the end of Q2. What Happened: Despite the anticipated discussions, tariffs are not expected to revert to their pre-January 25 levels. More in-depth talks in the second half of...
US job openings fall in March; layoffs decline
US job openings fall in March; layoffs decline
May 25, 2025
WASHINGTON (Reuters) -U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing despite an ever-shifting tariffs policy casting a pall over the economy. Job openings, a measure of labor demand, decreased 288,000 to 7.192 million by the last day of March, the Labor Department's Bureau of Labor Statistics said...
US goods trade deficit widens sharply in March
US goods trade deficit widens sharply in March
May 25, 2025
WASHINGTON (Reuters) -The U.S. trade deficit in goods widened sharply in March as imports surged, suggesting that trade exerted a large drag on economic growth in the first quarter. The goods trade gap increased 9.6% to $162.0 billion, the Commerce Department's Census Bureau said on Tuesday. Goods imports soared $16.3 billion to $342.7 billion, likely as businesses rushed to bring...
US March Advance Trade Gap Widens Unexpectedly, Inventories Mixed
US March Advance Trade Gap Widens Unexpectedly, Inventories Mixed
May 25, 2025
08:40 AM EDT, 04/29/2025 (MT Newswires) -- The US advance international trade in goods deficit widened to $161.99 billion in March from $147.85 billion in February, according to data released by the US Census Bureau, compared with a smaller $145.0 billion deficit expected in a survey compiled by Bloomberg as of 7:35 am ET. Exports rose by 1.2% in March...
Copyright 2023-2025 - www.financetom.com All Rights Reserved