Saturday, August 30, 2014
Inquirer Daily News

Jaime Lusinchi | Ex-Venezuelan leader, 89

Former Venezuelan President Jaime Lusinchi, 89, died Wednesday in Caracas. His death from an infection was confirmed by members of his Democratic Action party.

Mr. Lusinchi entered politics at a young age as an opponent of dictatorial rule in Venezuela and was jailed and later exiled during the 1950-1958 rule of Marcos Perez Jimenez. As president, he struggled with an economic crisis marked by galloping inflation and a plunge in the currency that made it impossible for Venezuela to service its foreign debt.

He recovered some of his popularity toward the end of his 1984-1989 rule by boosting salaries and applying price caps. But his reputation was tarnished by allegations of corruption after leaving office. - AP

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