Bolivian President Evo Morales resigns after weeks of protests over disputed election - Business Insider

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Bolivian President Evo Morales resigns after weeks of protests over disputed election - Business Insider
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Bolivian President Evo Morales resigns after weeks of protests over disputed election

Bolivian President Evo Morales announced on Sunday that he will resign from his post after 14 years at the helm of the South American nation.

"We suggest the President of the State renounce his presidential mandate, allowing peace to be restored and the stability maintained for the good of our Bolivia," said General Williams Kaliman, the commander of Bolivia's armed forces. "This is important not only for the well-being of the Bolivian people, but also for the stability of Argentina, Chile, Peru, Paraguay and Brazil," said Juan Cruz Diaz, managing director of risk advisory Cefeidas Group.

"Today we won a battle," Camacho told a crowd of cheering supporters in the capital, though he added more time was needed to repair the constitutional order and democracy. "Only when we can be sure that democracy is solid, then will we go back home." Juan Carlos Huarachi, leader of the Bolivian Workers' Center, a powerful pro-government union, said Morales should stand down if that would help end recent violence.

When questioned about whether he would be a candidate in the new election, Morales told a local radio station "candidacies must be secondary; what comes first is to pacify Bolivia," adding he had a constitutional duty to finish his term.

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