New Delhi, Oct. 20 -- Bolivia's Christian Democratic Party (PDC) leader Rodrigo Paz has become the new President of the country, becoming the first conservative to win a presidential election in nearly two decades.

Paz will take office on November 8. However, his party does not hold majority in Bolivia's legislature, which is why he will be required to form alliances with other parties to govern the country effectively,

With 97 per cent of ballots counted, Paz won 54.5 per cent of the vote in Sunday's run-off race, well ahead of right-wing former interim President Jorge "Tuto" Quiroga.

Here is everything you need to know about Rodrigo Paz, the new President of Bolivia.

The 58-year-old centrist Senator and economist Rodrigo Paz is the ...