Known widely as “Lucho,” Arce served as Morales’ economy minister and led the nationalisation of the mining industry – which helped to power the administration’s economic success as commodity prices rose in the 2000s. With a Masters degree in economics from the U.K.’s Warwick University, Arce is “one of the few technocrats in MAS,” Sabatini says. “He’s level headed and – from what I’ve seen – he doesn’t engage in inflammatory rhetoric.”
In his first speech after the poll results, Arce said he would build a government of national unity. “We’re going to work and resume the process of change without hate, and learning and overcoming our errors as MAS.”
To read more, visit Time.