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Bolivarian Revolution

Winning The 1998 elections

Sunday Dec 6, 1998
Venezuela

South America in the late 1980s and early 1990s was just recovering from the Latin American debt crisis of the mid-1980s and many governments had adopted austerity and privatization policies to finance International Monetary Fund (IMF) loans. It was in this context that Chávez and MBR-200 (as the Fifth Republic Movement) won the 1998 elections and initiated the constituent process that resulted in the Venezuelan Constitution of 1999.


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