Bringing Back Bolivia

Nov 1, 2002

Gonzalo Sánchez de Lozada is leading the country again and his main goal is to rescue Bolivia from a debilitating four-year recession.

Gonzalo Sánchez de Lozada is once again president of Bolivia. He took office in August at the head of a coalition government, after winning a tight election race. Sánchez de Lozada, known everywhere in Bolivia as 'Goni,' is a millionaire businessman who is both a hard-nosed, pro-market politician and a visionary leader whose policies have helped reduce poverty significantly over the years. He earned a degree in philosophy and English literature from the University of Chicago, and still enjoys the delights of poetry as well as fine living. A box of Montecristo cigars and a volume of poems by WB Yeats sit on a table in his office. Sánchez de Lozada won an international reputation for his forceful and successful attack on hyperinflation in the 1980s, when he was the economics czar of then-President Victor Paz Estenssoro. In 1993, Sánchez de Lozada was elected president and unleashed a whirlwind of...

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