The Punto Fijo Pact collapsed in the early 1990s in the face of a severe economic and political crisis, culminating in the impeachment of the AD president Carlos Andrés Pérez for corruption, and the election in 1993 of former COPEI leader Rafael Caldera on a National Convergence electoral coalition platform.
The 1968 presidential election was shaped by the split of Democratic Action, with a substantial leftist faction breaking away to form the Movimiento Electoral del Pueblo (MEP).