the Summer Olympics. President (1990-1994) His election in 1989 marked the first time since 1932 that power was transferred peacefully between Honduras' two major parties. Callejas was once again the PNH candidate in the 1989 elections where a reported 200,000 identifications from deceased Honduran citizens were used. Callejas won with 52.3% of the votes, becoming the first PNH President since 1972. He had to confront severe economic problems, and he followed the advice of the International Monetary Fund (IMF) by cutting public spending, resulting in many public servants being laid off, and by devaluing the Lempira. At the time of the devaluation of the Lempira, the Honduran Central Bank, presided over at the time by Ricardo Maduro Joest, did not have any dollars available to the general public. Instead, people were given back devalued Lempiras causing a great deal of hardship in what was already one of the poorest countries in the western hemisphere. Gasoline supplies were non-existent when he took office and long lines of cars were seen at the gas stations trying to obtain fuel. This led to many strikes and a lot of social agitation, until his government successfully negotiated with the United States the write-off of a $US430 million debt, in September 1991. He presided over a liberal reformist government, opened the Honduran economy to local and foreign investment and managed steady growth during the last three years of his presidency, although during the fourth year of his term fiscal indiscipline led to a new set of economic measures being imposed by the following government. Poverty was reduced by 8% under his tenure. Infrastructure was a priority and large investments in the rich Sula Valley area were made resulting in more than 90 kilometers of four-lane highways. His government had some important accomplishments in the social area, such as the creation of the Family Assistance Program (PRAF) and the Honduran Fund for Social Investment (FHIS). Expatriates of the previous Military and Liberal governments were allowed to return to Honduras, with no risk to their lives, and the irregular forces of the Nicaraguan counter-revolutionaries, the Contras, were required to leave Honduras in April 1990 after intense negotiations. Accusations Callejas was accused of 7 counts of corruption during his term. He was also accused by an aide in the George H. W. Bush administration, resulting in a Bush executive order denying him U.S. visa status. In 2005, the