Home > Carlos Andrés Pérez

A member of Acción Democrática, in his first term he was praised by the country's leftist groups for taking steps to nationalize the petroleum and iron ore industries in order to control profits. He denounced advocates of globalization as "genocide workers in the pay of economic totalitarianism". He lashed out at institutions such as the International Monetary Fund, claiming that it was the equivalent of a "Neutron Bomb that killed people, but left buildings standing." As a result he nationalized Shell Oil, Exxon, U.S. Steel and Bethlehem Steel operations in the country.

In February 1989, at the beginning of his second term as President, he accepted an International Monetary Fund proposal known as the Washington consensus. In return for accepting this proposal, the International Monetary Fund offered Venezuela a loan for 4.5 billion US dollars. Poor economic conditions during his tenure led to massive popular protests in CaracasCaracas is the capital of Venezuela. It is located in the north of the country, close to the Caribbean Sea. As of 2004 the population of the city was 1. 7 million and of the metropolitan area 3. The city was founded in 1567 as Santiago de Leon de Caracas, the capital. These protests resulted in the deaths of many and resulted in the declaration of a state of emergencyA state of emergency is a governmental declaration that may suspend certain normal functions of government or may work to alert citizens to alter their normal behaviors or to order government agencies to implement their emergency preparedness plans. It ca. The protest is now referred to as the Caracazo .

In February 19921992 is a leap year starting on Wednesday. Events January January The Internet Society is formed. January 1 Boutros Boutros-Ghali of Egypt replaces Javier Perez de Cuellar of Peru as United Nations Secretary-General January 1 George H. Bush becomes the fi, his government survived a bloody coup attempt by then-Army officer Hugo Chávez, who was later elected President of Venezuela. Pérez was impeached in 1993, following a scandal on the mishandling of US$17 million, used to help Violeta Chamorro's government in Nicaragua.

In certain respects, he was corrupt as he misappropriated large sums of oil revenues and directed them towards his supporters, his lover, wife and others. He is currently trying to destabilize Chávez's government from New York and the Dominican Republic by giving moral and monetary support to Venezuela's opposition.