Punto Fijo Pact

The Punto Fijo Agreement was a pact between Venezuelan parties, the social democratic Acción Democrática (AD), the Christian Democratic COPEI and Unión Republicana Democrática ( URD ), the October 31, 1958 ( a few months after the fall of dictator Marcos Pérez Jiménez was, however, yet been signed before the elections in December). The name comes from the same residence of the signer Rafael Caldera in Caracas, where the pact was also signed.

The purpose of the Agreement was to preserve democracy only recently been introduced by all parties to the Covenant should get according to their electoral success share in the government of the winner party.

The communist Partido Comunista de Venezuela ( PCV), which was one of the main forces in the struggle against the dictatorship and democracy introduced, was not involved in this pact.

The signatories of the pact were Rómulo Betancourt (the winner of the next elections ), Raúl Leoni and Gonzalo Barrios for AD, Jovito Villalba, Ignacio Luis Arcaya and Manuel López Rivas for the URD, and Rafael Caldera, Pedro del Corral and Lorenzo Fernández for COPEI.

This agreement created by and by a two-party system ( the URD lost successively to influence). The phase of " a pact democracy " in Venezuela's history ended only in 1999 with the inauguration of Hugo Chávez.

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