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Puntofijo Pact

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The parties were aware that if one of them disputed the results of the pending election, it would only harm the country given the economic instability and volatility that had resulted from the declining oil prices and post-coup atmosphere. The pact was a way for the parties to ensure cooperation and
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COPEI and AD became increasingly reliant on the shared oil revenues to secure their power over Venezuelan politics through a system of patronage and clientelism, and the bipartisanship began to deteriorate in the 1980s as oil revenues took a sharp decline. This led to increasing public distrust of
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fled Venezuela for the Dominican Republic and a group of military leaders took control of the country. The presidency of Pérez Jiménez was a dictatorship that relied heavily on oil revenues to pay for a massive urbanization and modernization campaign in the cities of Venezuela. The United States
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The Puntofijo pact is often credited with launching Venezuela towards democracy, being recognized for creating the most stable period in the republican history of Venezuela. While it provided the grounds for possible democratic deepening, it has also been criticized for enabling an inflexible
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Following Pérez Jiménez's ouster, the three major parties in the country — COPEI, AD, and the URD — came together to ensure a lasting democracy in Venezuela, a country that had been under dictatorial rule for nearly all of its history since gaining independence in 1830.
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of the URD. Both Betancourt and Caldera would go on to become presidents of Venezuela. The pact served to deepen democracy in the region in that it ensured respect of the democratic process of the election. This allowed for the uncontested democratic election of
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and the preservation of the new democratic system. The pact was a written guarantee that the signing parties would respect the election results, prevent single-party hegemony, share power, and collaborate to prevent dictatorship.
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the legitimacy of the AD and COPEI, and what began as democratic deepening began to deteriorate. More formal opposition emerged in the late 1980s. One of the first indicators of public unrest was on the
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refused to sign the Costa Rica agreement, which excluded Cuba from the Inter-American system. The decision was accompanied by the immediate withdrawal of the tripartite coalition in the
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on 27 February 1989, where there were riots due to a sharp and sudden increase in the prices of public transportation and gas. In the
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Corrales, Javier (2001-01-01). "Strong Societies, Weak Parties: Regime Change in Cuba and Venezuela in the 1950s and Today".
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Buxton, Julia (2005-07-01). "Venezuela's Contemporary Political Crisis in Historical Context".
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the former leader of COPEI, Rafael Caldera, was elected president under a different party,
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1958 magazine cover featuring the leading signatories of the Pact from left to right:
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Puntofijo Residence, Francisco Solano López Avenue, Sabana Grande, Caracas, Venezuela
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compliance with election results. This would allow for the transition to democracy.
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1958 power-sharing arrangement between Venezuela's three main political parties
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supported the government of Venezuela because it was a reliable oil source.
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La Democracia Venezolana y la crisis del sistema populista de conciliacion
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The pact was signed in, and named after, the residence of COPEI leader
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ran on a platform of attacking the AD and COPEI bipartisanship in his
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Three members of each party signed the pact. These men included
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Democracy in Latin America: Surviving conflict and crisis?
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Unsourced material may be challenged and removed. 557: 555: 2288: 2302:Defunct political party alliances in Venezuela 552: 1456: 1193: 990:1946 Venezuelan Constituent Assembly election 891: 520:, promising to break the traditional system. 448:in Caracas, by representatives of the URD, 53:Learn how and when to remove these messages 1463: 1449: 1200: 1186: 898: 884: 834: 270:Learn how and when to remove this message 252:Learn how and when to remove this message 150:Learn how and when to remove this message 561: 683: 2289: 1858: 1470: 781: 611: 439: 188:Please improve this article by adding 1444: 1181: 905: 879: 679: 677: 633: 629: 627: 816: 728:Diccionario de Historia de Venezuela 161: 88:adding citations to reliable sources 59: 18: 1850:Guayana Esequiba (Reclamation area) 810: 784:Bulletin of Latin American Research 596: 564:Latin American Politics and Society 13: 1207: 775: 752:"Jóvito Villalba, URD y Margarita" 674: 624: 14: 2333: 1277:Venezuelan banking crisis of 1994 1018:Corporación Venezolana de Guayana 863: 402:(URD), for the acceptance of the 34:This article has multiple issues. 1979:Ecological Movement of Venezuela 1424: 1423: 1258: 1253: 1161: 1160: 1043:1963 Venezuelan general election 1013:1958 Venezuelan general election 995:1947 Venezuelan general election 966: 961: 796:10.1111/j.0261-3050.2005.00138.x 494: 357: 288: 166: 64: 23: 817:Karl, Terry Lynn (1987-01-01). 764:from the original on 2009-02-12 489:government of Rómulo Betancourt 423:On January 23, 1958, President 75:needs additional citations for 42:or discuss these issues on the 2307:Political history of Venezuela 1541:Restorative Liberal Revolution 1287:Caso de los banqueros prófugos 1109:Venezuela, política y petróleo 823:Latin American Research Review 744: 716: 692: 605: 590: 398:(Social Christian Party), and 1: 948:Democratic Action (Venezuela) 634:McCoy, Jennifer (July 1999). 545: 418: 400:Unión Republicana Democrática 344:Unión Republicana Democrática 190:secondary or tertiary sources 7: 1915:Democratic Unity Roundtable 1904:People's Electoral Movement 1838:Supreme Tribunal of Justice 985:1945 Venezuelan coup d'état 684:Velasco, Alejandro (2015). 523: 506:1993 presidential elections 404:1958 presidential elections 10: 2338: 1611:2017 constitutional crisis 1299:1998 presidential election 454:national unity governments 2248: 2169: 2096: 2087: 2008: 1999: 1952: 1912: 1884:Movement We Are Venezuela 1867: 1740:Human rights in Venezuela 1725: 1716: 1647: 1638: 1586:1992 coup d'état attempts 1521:Revolution of the Reforms 1491: 1482: 1386: 1365: 1348: 1307: 1267: 1251: 1225: 1215: 1139: 1123: 1102: 1079: 1067: 1051: 1003: 975: 959: 923: 913: 836:10.1017/S0023879100016435 535:National Front (Colombia) 512:. 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Rafael Caldera
Jóvito Villalba
Rómulo Betancourt

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