On August 6, 2002, Gonzalo "Goni" Sanchez de Lozada was sworn in as Bolivia's new president, succeeding Jorge Quiroga, who himself became president a year earlier when Hugo Banzer resigned due to ill health (cancer). Sanchez de Lozada, who also served as president from 1993 to 1997, was elected with only 22.5% of the June 2002 vote, and was selected by Congress over the second-place finisher, Evo Morales, leader of Bolivia's coca growers. Sanchez de Lozada quickly announced emergency economic measures to pull Bolivia out of its economic problems, which include high unemployment and l...

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