Bolivian authorities arrested the outgoing general commander of the army,
Troops led by army general commander Juan Jose Zuniga started withdrawing from the area around the presidential palace, after Arce called for the country to "defend
"Many thanks to the Bolivian people," said Arce. "
Armed soldiers gathered around Murillo Plaza, a main square in La Paz where the national executive and legislative offices are located, CNN reported.
The footage on Bolivian television showed Arce facing down Zuniga in the palace hallway.
"I am your captain, and I order you to withdraw your soldiers, and I will not allow this insubordination," Arce said.
Taking to social media platform X, the Bolivian President said, "We denounce irregular mobilizations of some units of the Bolivian Army. Democracy must be respected."
Newly appointed army chief Jose Wilson Sanchez ordered all mobilised troops to return to their barracks, stating that "no one wants the images we're seeing in the streets", Al Jazeera reported.
The public prosecutor's office said it open a criminal investigation into those behind the failed attempt against the government.
Former Bolivian President Evo Morales also denounced the incident. Morales, who publicly split from his one-time ally Arce, also called on "the social movements of the countryside and the city to defend democracy."
Morales resigned in 2019 following mounting protests over accusations of fraud in the elections; at the time, he claimed he was forced out in a coup, as reported by CNN.
Latin American leaders and organisations also expressed alarm over the effort on Wednesday, with officials from countries such as Brazil, Mexico, Cuba, Chile, Peru, Honduras, Paraguay and Colombia denouncing the army's moves as an attack on democracy.
A spokesperson for the White House said that the United States urges calm and restraint and that the Biden administration is monitoring developments, as reported by Al Jazeera.
"We condemned the events in