Topic: Luis Arce

Bolivia has lifted its decade-old ban on cryptocurrency transactions to mitigate a severe shortage of U.S. dollars. President Luis Arce's administration aims to modernize the payment system as the country's foreign currency reserves have plummeted due to cratering gas exports.

At the United Nations General Assembly, leaders from South Africa and Bolivia called for waiving intellectual property rights on vaccines. President Luis Arce of Bolivia argued that medical science should serve humanity without discrimination and that vaccine access must be classified as a fundamental human right.