Presidency of Ernesto Zedillo (feb 10, 1994 – sep 16, 2000)
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Zedillo originally worked for Mexico’s central bank and served as the secretary of the Ministry of Programming and Budget in 1988, controlling Mexico’s debt, reducing inflation and balancing the budget. He ran for president in 1993 when the original PRI candidate was assassinated. Zedillo would win with the closest margin of any PRI president. As president, he was forced to devalue the Peso in response to an economic crisis, and was forced to accept terms of a US plan to stabilize the currency in 1995. Under this policy, growth began again. He also created an education program that subsidized poor families upon the condition that their children went to school. In 1999, he announced that the PRI would hold it’s very first presidential primaries. Zedillo would be the last PRI president in the PRI’s streak of victory
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