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| Affiliation | Democratic Action |
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1985-01-01 |
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| Name | Jaime Lusinchi |
| Address |
, , Venezuela |
| Email | None |
| Website | None |
| Born |
May 27, 1924
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| Died | May 21, 2014
(89 years)
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| Contributor | Thomas Walker |
| Last Modifed | Mr. Matt
May 27, 2022 07:31am |
| Tags |
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| Info | Lusinchi, Jaime (Ramón) (b. May 27, 1924, Clarines, Anzoátegui state, Venezuela), president of Venezuela (1984-89). He joined the Acción Democrática (AD) party on its foundation by Rómulo Betancourt in 1941. By November 1948 he was party deputy secretary, and after the military coup that month he was imprisoned and then expelled from the country. He went first to Argentina, then to Chile and the U.S. He returned to Venezuela in 1958 when the military dictatorship ended. He then represented his state in the Congress and held top positions within the AD (parliamentary leader, 1967-80; general secretary, 1981-83). He failed to secure the AD presidential nomination for the 1978 election, but he ran successfully in the December 1983 election, winning 56.8% of the votes, defeating Rafael Caldera of the Social Christian Party. As president he was faced with two major tasks: revitalization of an economy hurt by falling oil prices and elimination of corrupt practices that had flourished under previous administrations. He was under intensive pressure from his AD as well as from the Confederation of Venezuelan Workers - the two legs of his successful presidential campaign - to improve the lot of his electorate or at least to protect it from the effects of the economic crisis and the austerity measures needed to stabilize the situation. In 1986 he signed an agreement with the country's bank creditors rescheduling the public sector's foreign debt over 12 years. Show trials of officials in the Corporación Venezolana de Fomento (Venezuelan Development Corporation) and a court-martial of military chiefs over arms purchases were held in order to discourage officeholders from participating in the pervasive bribery and corruption.
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