Second Presidency of Carlos Andrés Pérez
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The Second Presidency of Carlos Andrés Pérez
Carlos Andrés Pérez
Carlos Andrés Pérez Rodríguez , also known as CAP and often referred to as El Gocho , was a Venezuelan politician, President of Venezuela from 1974 to 1979 and again from 1989 to 1993. His first presidency was known as the Saudi Venezuela due to its economic and social prosperity thanks to...

(1989 - 1993) saw an economic crisis, a major riot in which hundreds were killed by security forces (Caracazo
Caracazo
The Caracazo or sacudón is the name given to the wave of protests, riots and looting and ensuing massacre that occurred on 27 February 1989 in the Venezuelan capital Caracas and surrounding towns. The riots — the worst in Venezuelan history — resulted in a death toll of anywhere between...

, 1989), two coup attempts in 1992, and the 1993 impeachment of "CAP" for corruption. He was the first Venezuelan President to be impeached.

Background

Venezuelan Presidential election 1988
Results
EWLINE
Candidates Votes %
Carlos Andrés Pérez 3,868,843 52.76%
Eduardo Fernández 2,955,061 40.40%
Teodoro Petkoff
Teodoro Petkoff
Teodoro Petkoff Malec is a Venezuelan politician, ex-guerrilla, journalist and economist. One of the most prominent politicians on the left in Venezuela, Petkoff began as a communist but gravitated towards liberalism in the 1990s. As Minister of Planning he oversaw President Rafael Caldera's...

 
198,361 2.71%
Abstention: 1,660,887 18.08%
Total votes: 7,524,760

For the 1988 presidential election
Venezuelan presidential election, 1988
General elections were held in Venezuela on 4 December 1988. The presidential elections were won by Carlos Andrés Pérez of Democratic Action, who received 52.9% of the vote, whilst his party won the most seats in the Chamber of Deputies and Senate...

 Democratic Action
Democratic Action
Democratic Action is a centrist Venezuelan political party established in 1941. The party and its antecedents played an important role in the early years of Venezuelan democracy, and led the government during Venezuela's first democratic period...

 (AD) President Jaime Lusinchi
Jaime Lusinchi
Jaime Ramón Lusinchi is a Venezuelan politician who was the President of Venezuela from 1984 to 1989. His term was characterized by an economic crisis, growth of the External debt, populist policies, currency depreciation, inflation and corruption that exacerbated the crisis of the political...

 backed Octavio Lepage
Octavio Lepage
Octavio Lepage Barreto, was Acting President of Venezuela from 21 May 1993 to 5 June 1993....

 as AD candidate, but in a primary election
Primary election
A primary election is an election in which party members or voters select candidates for a subsequent election. Primary elections are one means by which a political party nominates candidates for the next general election....

 the party chose Carlos Andrés Pérez
Carlos Andrés Pérez
Carlos Andrés Pérez Rodríguez , also known as CAP and often referred to as El Gocho , was a Venezuelan politician, President of Venezuela from 1974 to 1979 and again from 1989 to 1993. His first presidency was known as the Saudi Venezuela due to its economic and social prosperity thanks to...

 (previously president from 1974 to 1979
First Presidency of Carlos Andrés Pérez
The First Presidency of Carlos Andrés Pérez coincided with the oil boom of 1974 which saw Venezuela's explode. "CAP" launched a program of rapid modernization. His first presidency also saw the nationalization of the oil industry...

).

Presidency

In February 1989, at the beginning of his second term as President, he accepted an International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

 proposal known as the Washington consensus
Washington Consensus
The term Washington Consensus was coined in 1989 by the economist John Williamson to describe a set of ten relatively specific economic policy prescriptions that he considered constituted the "standard" reform package promoted for crisis-wracked developing countries...

. In return for accepting this proposal, the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

 offered Venezuela a loan for 4.5 billion US dollars. This cooperation with the IMF came about weeks after his victory in the 1988 presidential election
Venezuelan presidential election, 1988
General elections were held in Venezuela on 4 December 1988. The presidential elections were won by Carlos Andrés Pérez of Democratic Action, who received 52.9% of the vote, whilst his party won the most seats in the Chamber of Deputies and Senate...

, and a populist, anti-neoliberal campaign during which he described the IMF as "a neutron bomb that killed people, but left buildings standing" and said that World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

 economists were "genocide workers in the pay of economic totalitarianism". Poor economic conditions led to attempts to revolutionize the political and economic structure of Venezuela, but the implementation of the neoliberal reforms (and in particular the liberalisation of petrol prices, which caused an immediate increase in the cost of petrol to consumers and rises in fares on public transport) resulted in massive popular protests in Caracas
Caracas
Caracas , officially Santiago de León de Caracas, is the capital and largest city of Venezuela; natives or residents are known as Caraquenians in English . It is located in the northern part of the country, following the contours of the narrow Caracas Valley on the Venezuelan coastal mountain range...

, the capital. Carlos Andrés Pérez crushed the protest with the national guard, causing a large number of deaths—estimates range from 500 to 3000, and resulted in the declaration of a state of emergency
State of emergency
A state of emergency is a governmental declaration that may suspend some normal functions of the executive, legislative and judicial powers, alert citizens to change their normal behaviours, or order government agencies to implement emergency preparedness plans. It can also be used as a rationale...

. The protest is now referred to as the Caracazo
Caracazo
The Caracazo or sacudón is the name given to the wave of protests, riots and looting and ensuing massacre that occurred on 27 February 1989 in the Venezuelan capital Caracas and surrounding towns. The riots — the worst in Venezuelan history — resulted in a death toll of anywhere between...

.

In 1992, his government survived two coup attempts. The first attempt took place 4 February 1992, and was led by Lieutenant-Colonel Hugo Chávez
Hugo Chávez
Hugo Rafael Chávez Frías is the 56th and current President of Venezuela, having held that position since 1999. He was formerly the leader of the Fifth Republic Movement political party from its foundation in 1997 until 2007, when he became the leader of the United Socialist Party of Venezuela...

, who was later elected president. With the attempt having clearly failed, Chávez was catapulted into the national spotlight when he was allowed to appear live on national television to call for all remaining rebel detachments in Venezuela to cease hostilities. When he did so, Chávez famously quipped on national television that he had only failed "por ahora"—"for now". The second, and much bloodier, insurrection took place on 27 November 1992.

Corruption charges

On 20 March 1993, Attorney General Ramón Escovar Salom, introduced action against Pérez for the misappropriation of 250 million bolivars belonging to a presidential discretionary fund, or partida secreta. The issue had originally been brought to public scrutiny in November 1992 by journalist José Vicente Rangel
José Vicente Rangel
José Vicente Rangel Vale is a Venezuelan leftist politician. He ran for President three times in the 1970s and 1980s and later supported Hugo Chávez, successively becoming Foreign Minister, Defense Minister, and Vice President in Chávez's government.-Political activism:His political activism began...

. Pérez and his supporters claim the money was used to support the electoral process in Nicaragua
Nicaragua
Nicaragua is the largest country in the Central American American isthmus, bordered by Honduras to the north and Costa Rica to the south. The country is situated between 11 and 14 degrees north of the Equator in the Northern Hemisphere, which places it entirely within the tropics. The Pacific Ocean...

. On 20 May 1993, the Supreme Court
Supreme Tribunal of Justice (Venezuela)
The Supreme Tribunal of Justice is the highest court of law in the Bolivarian Republic of Venezuela and is the head of the judicial branch.The Supreme Tribunal may meet either in specialized chambers or in plenary session...

 considered the accusation valid, and the following day the Senate voted to strip Pérez of his immunity. Pérez refused to resign, but after the maximum 90 days temporary leave available to the President under Article 188 of the 1961 constitution, the National Congress removed Pérez from office permanently on 31 August.

Pérez' trial concluded in May 1996, and he was sentenced to 28 months in prison.

Second presidency cabinet (1989-1993)

Ministries
OFFICE NAME TERM
President Carlos Andrés Pérez 1989–1993
Home Affairs Alejandro Izaguirre 1989–1992
  Virgilio Ávila Vivas 1992
  Carmelo Lauría Lesseur 1992
  Luis Piñerúa Ordaz 1992–1993
  Jesús Carmona 1993
Foreign Relations Enrique Tejera París 1989
  Reinaldo Figueredo Planchar 1989–1991
  Armando Durán 1991–1992
  Humberto Calderón Berti 1992
  Fernando Ochoa Antich 1992–1993
Finance Egle Iturbe de Blanco 1989–1990
  Roberto Pocaterra Silva 1990–1992
  Pedro Rosas Bravo 1992–1993
Defense Italo del Valle Alliegro 1989
  Filmo López Uzcátegui 1989–1990
  Héctor Jurado Toro 1990–1991
  Fernando Ochoa Antich 1991–1992
  Iván Jiménez Sánchez 1992–1993
Development Moisés Naím
Moisés Naím
-External links:****...

1989–1990
  Imelda Cisneros 1990–1992
  Pedro Vallenilla Meneses 1992
  Frank de Armas Moreno 1992–1993
Education Gustavo Roosen 1989–1992
  Pedro Augusto Beauphertuy 1992–1993
Health and Social Assistance Felipe Bello González 1989–1990
  Manuel Adrianza 1990–1991
  Pedro Páez Camargo 1991–1992
  Rafael Orihuela 1992–1993
Agriculture Fanny Bello 1989
  Eugenio de Armas 1989–1990
  Jonathan Coles Ward 1990–1993
  Pedro Luis Urriola 1993
Labor Marisela Padrón Quero 1989–1991
  Jesús Rubén Rodríguez 1991–1993
Transport and Communications Gustavo José Rada 1989
  Augusto Faría Viso 1989–1990
  Roberto Smith
Roberto Smith
Roberto Smith Perera is a Venezuelan businessman and politician.-Early years & Education Activity:Roberto Smith was born in Barquisimeto, in Lara State in 1958. He attended Colegio La Salle in Barquisimeto and Instituto Escuela in Caracas. He received a Bachelor's Degree in Mathematics from...

1990–1992
  Fernández Martínez Mótola 1992–1993
Justice Luis Beltrán Guerra 1989–1990
  Jesús Moreno Guacarán 1990–1991
  Alfredo Ducharme 1991–1992
  Armida Quintana Matos 1992
  José Mendoza Angulo 1992–1993
  José Francisco Cumare Nava 1993
Energy and Mines Celestino Armas 1989–1992
  Alirio Parra 1992–1993
Environment Enrique Colmenares Finol 1989–1993
Urban Development Luis Penzini Fleury 1989–1992
  Diógenes Mujica 1992–1993
Family Senta Essenfeld 1989–1992
  Mabely de León Ponte 1992
  Teresa Albánez 1992–1993
Secretary of Presidency Reinaldo Figueredo Planchart 1989
  Jesús Carmona 1989–1990
  Armando Durán 1990–1991
  Beatrice Rantel Mantilla 1991–1992
  Celestino Armas 1992–1993
Office of Coordination and Planification Miguel Antonio Rodríguez 1989–1992
  Ricardo Hausmann
Ricardo Hausmann
Ricardo Hausmann is a former Venezuelan Minister of Planning and Head of the "Presidential Office of Coordination and Planning" and current Director of Harvard's Center for International Development and a Professor of the Practice of Economic Development at John F...

1992–1993
National Council of Culture José Antonio Abreu
José Antonio Abreu
José Antonio Abreu is a Venezuelan pianist, economist, educator, activist, and politician.-Politics and academics:...

1989–1993
CVG
Corporación Venezolana de Guayana
The Corporacion Venezolana de Guayana is a decentralized state-owned Venezuelan conglomerate, located in the Guayana Region in the southeast of the country. Its subsidiaries include the aluminium producer Alcasa....

Leopoldo Sucre Figarella
Leopoldo Sucre Figarella
Leopoldo Sucre Figarella , was a Venezuelan politician and engineer. A member of the Sucre family Sucre Figarella served as Governor, Minister and Senator during his long and eventful political career. He was nicknamed "The Builder" and "The Czar of Guayana".-Early career:He was born in Tumeremo in...

1989–1993


See also

  • Carlos Andrés Pérez
    Carlos Andrés Pérez
    Carlos Andrés Pérez Rodríguez , also known as CAP and often referred to as El Gocho , was a Venezuelan politician, President of Venezuela from 1974 to 1979 and again from 1989 to 1993. His first presidency was known as the Saudi Venezuela due to its economic and social prosperity thanks to...

  • First Presidency of Carlos Andrés Pérez
    First Presidency of Carlos Andrés Pérez
    The First Presidency of Carlos Andrés Pérez coincided with the oil boom of 1974 which saw Venezuela's explode. "CAP" launched a program of rapid modernization. His first presidency also saw the nationalization of the oil industry...

  • Presidents of Venezuela
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