Ernesto Zedillo

ModernPoliticianMexico1951 — ?

Last PRI president who allowed democratic transition.

Compare Ernesto Zedillo with another historical figure:

Quick Facts

Born

1951

Country

Mexico

Era

Modern

Occupation

Politician

Score Overview

Military (10%)50

Political (20%)70

Influence (20%)61

Legacy (20%)52

Leadership (15%)78

Strategy (15%)42

Total Score59.7

Ernesto Zedillo — Complete Timeline

1994 AD

1994 Mexican peso crisis (Tequila Crisis)Other

Days after President Ernesto Zedillo took office, the Mexican peso collapsed, triggering a severe financial crisis. The government devalued the peso, and the U.S. led a $50 billion bailout. The crisis caused a deep recession and widespread hardship.

Peso CrisisFinancial CrisisBailout

Impact: globaltragic

1995 AD

Implementation of the FOBAPROA bank bailoutReform◆ Major

Zedillo's government created the FOBAPROA fund to rescue failing banks after the peso crisis. The bailout cost taxpayers an estimated $100 billion and was later criticized for corruption and for converting private bank debt into public debt.

Bank BailoutDebtCorruption

Impact: nationaldestructive

1996 AD

Electoral reforms leading to democratic transitionReform

Zedillo pushed through electoral reforms that created an independent Federal Electoral Institute (IFE) and allowed for fairer elections. These reforms ended 71 years of PRI dominance and led to the opposition victory in 2000.

DemocratizationElectoral ReformPolitical Transition

Impact: nationalconstructive