Bolivia's Ministry of Finance has appointed José Horacio Valencia Rivamontan as the new Vice Minister of Pensions and Financial Services, replacing Gustavo Blacutt Alcalá, who resigned for personal reasons. The ministry framed the appointment around safeguarding stability and transparency and strengthening Bolivia’s pension and financial systems. At the swearing-in ceremony, Minister of Economy and Public Finance José Gabriel Espinoza Yáñez highlighted priorities including consolidating the resilience of the financial system, ensuring the proper functioning of the pension system, and supporting the continued flow of capital, savings and lending alongside government measures aimed at accelerating economic recovery. Valencia said his management approach would be technical and aligned with international best practices, with stronger coordination across state entities to improve efficiency, transparency and public access to the pension system; the ministry also cited his background in macroeconomic policy, financial regulation and pensions, including experience at the Central Bank of Bolivia, the Inter-American Development Bank and CAF.

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