Daily Traders Edge

Bolivia’s Morales promises to respect referendum result referendum result

February 22
02:05 2016

Bolivian President Evo Morales promised Monday to respect the official result of a referendum on whether he can run for a fourth term, as early data indicated he risked losing. First elected in 2006, Morales — Bolivia's first indigenous head of state — wants to run for another five-year term when his current one ends in 2020, to continue a socialist program that has improved the fortunes of poor indigenous groups. Exit polls published by private media indicated Morales narrowly lost the vote while partial official results showed he has lot of catching up to do to close the gap on the 'No' votes.

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