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History of Bolivia


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to "let history run its course" as desired by Bolivia."

Military governments: García Meza and Siles Zuazo

Elections in 1979 and 1981 were inconclusive and marked by fraud. There were coups d'état, counter-coups, and caretaker governments. In 1980, General Luis García Meza Tejada carried out a ruthless and violent coup d'état that did not have popular support. He pacified the people by promising to remain in power only for one year. (At the end of the year, he staged a televised rally to claim popular support and announced, "Bueno, me quedo", or, "All right; I'll stay [in office]." He was deposed shortly thereafter.) His government was notorious for human-rights-abuses, drug-trafficking, and economic mismanagement; during his presidency, the inflation that later crippled the Bolivian economy could already be felt. Later convicted in absentia for various crimes by attorney Juan del Granado, including murder, García Meza was extradited from Brazil and began serving a 30-year prison sentence in 1995.

After a military rebellion forced out Meza in 1981, three other military governments in 14 months struggled with Bolivia's growing problems. Unrest forced the military to convoke the Congress elected in 1980 and allow it to choose a new chief executive. In October 1982, Hernán Siles Zuazo again became president, 22 years after the end of his first term of office (1956–60).

Sánchez de Lozada and Banzer: Liberalizing the economy

Gonzalo Sánchez de Lozada pursued an aggressive economic and social reform agenda. The most dramatic reform was the "capitalization" program, under which investors, typically foreign, acquired 50% ownership and management control of public enterprises, such as the state petroleum corporation, telecommunications system, airlines, railroads, and electric utilities, in return for agreed upon capital investments.

The reforms and economic restructuring were strongly opposed by certain segments of
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