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Gonzalo Sanchez de Lozada
Gonzalo Sanchez de Lozada Sanchez Bustamante , familiarly known as "Goni", is a Bolivian politician, businessman, and former president. A life-long member of the Movimiento Nacionalista Revolucionario (MNR), he is credited for using "shock therapy", the economic theory championed by Harvard economist Jeffrey Sachs. This measure was used by Bolivia in 1985 (when Sanchez de Lozada was President of the Senate in the government of president Victor Paz Estenssoro) to cut hyperinflation from an estimated 25,000% to a single digit within a period of 6 weeks. More broadly, he is credited with having engineered the restructuring of the Bolivian state ...
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