José López Portillo y Pacheco (June 16, 1920 – February 17, 2004) was the President of Mexico from 1976 to 1982.
Born in Mexico City, López Portillo studied Law at the National Autonomous University of Mexico (UNAM) before beginning his political career with the Institutional Revolutionary Party (PRI) in 1959. He held several positions in the administrations of his two predecessors before being appointed to serve as finance minister under Luis Ec...
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José López Portillo y Pacheco (June 16, 1920 – February 17, 2004) was the President of Mexico from 1976 to 1982.
Born in Mexico City, López Portillo studied Law at the National Autonomous University of Mexico (UNAM) before beginning his political career with the Institutional Revolutionary Party (PRI) in 1959. He held several positions in the administrations of his two predecessors before being appointed to serve as finance minister under Luis Echeverría, a close friend, from 1973 to 1975.
López Portillo undertook an ambitious program to promote Mexico's economic development with revenues stemming from the discovery of new petroleum reserves in the states of Veracruz and Tabasco by Petróleos Mexicanos (Pemex), the country's publicly owned oil company.
López Portillo undertook actions which were highly controversial with respect to the international banking establishment. One of his last actions as president, announced during his annual State of the Nation address on September 1, 1982,...
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