Paz Estenssoro MNR 'pacto por la democracia' government 1985-1989
BOL·1985 – 1989·MNR (Movimiento Nacionalista Revolucionario) + AND (Acción Democrática Nacionalista, Hugo Banzer's party) — formal 'pacto por la democracia' between Paz Estenssoro's MNR and Banzer's AND to provide the congressional majority needed for shock-therapy legislation.
Leaders: Víctor Paz Estenssoro (President 1985-1989, MNR) · Gonzalo 'Goni' Sánchez de Lozada (Minister of Planning + Coordination, MNR; lead architect of Decreto 21060) · Juan Cariaga (Minister of Finance 1985-1987) · Juan Antonio Morales (Central Bank president 1995, prior IMF team advisor 1985) · Jeffrey Sachs (external economic advisor)
Victor Paz Estenssoro's MNR-led pact-of-democracy government (with Jeffrey Sachs as advisor) attacking hyperinflation through Decreto Supremo 21060 of August 1985: immediate unification and floatation of the boliviano exchange rate, removal of price controls, deep cuts to fuel and food subsidies, suspension of foreign debt service pending renegotiation, central-bank prohibition on financing the fiscal deficit, freeze and decentralisation of state mining enterprise COMIBOL, lifting of import tariff exemptions in favour of a uniform low tariff, and elimination of multiple exchange rates. Stated case: orthodox shock stabilisation to break inflation expectations, restore monetary credibility, dismantle the corporatist state-mining and price-control apparatus inherited from the 1952 revolution, and reopen Bolivia to international trade and capital.
Policy-content fingerprint — how the framework codes this movement on its axes