Gonzalo Sanchez ge Lozada President of Bolivia Country: Bolivia

1. Biography of Gonzalo Sanchez de Lozada
2. Early Life and Career
3. Political Career
4. Presidential Election
5. Conclusion

Biography of Gonzalo Sanchez de Lozada

Gonzalo Sanchez de Lozada, a 72-year-old leader of the centrist Nationalist Revolutionary Movement, became the new president of Bolivia on August 4th. He was elected by a majority of votes from members of both houses of parliament. This is not his first time holding the position of head of state, as he previously served as president from 1993 to 1997, implementing liberal reforms in education, judiciary, and social sectors.

Early Life and Career

Gonzalo Sanchez de Lozada comes from a privileged background. His father served as an ambassador in the United States for a long time. Gonzalo studied literature and philosophy at the University of Chicago before returning to his homeland. Initially, he led a company producing television films and later, in the mid-70s, he took charge of several mining enterprises. It was during this time that he entered the world of politics.

Political Career

Sanchez de Lozada began his political career as a deputy in 1979 and became a senator in 1985. He truly tasted the power when he served as the Minister of Planning under President Victor Paz Estenssoro from 1986 to 1988. It was during his active involvement in government that the "new economic policy" was formulated. Hyperinflation, which had reached 25,000 percent in 1986, was reduced to 16 percent within three years.

In 1990, Sanchez de Lozada was elected as the leader of the Nationalist Revolutionary Movement, replacing his mentor Paz Estenssoro in that position. He successfully led the party and garnered support from various sectors of society.

Presidential Election

During the presidential election, Sanchez de Lozada faced his main rival, Evo Morales, the leader of the left-wing Movement for Socialism, who had the backing of indigenous groups. The parliamentary session to elect the head of state lasted nearly a day, with each member having three minutes to speak. In the end, the balance tipped in favor of Sanchez de Lozada, who had strong connections with Washington.

Conclusion

Gonzalo Sanchez de Lozada is a wealthy individual and has had a long and diverse career in both business and politics. Returning to the presidency, he aims to continue implementing reforms and leading Bolivia towards progress and development.