It was founded in May 1994.
On 2019 Guevara announced that the party would not take part in elections anymore and that a new formation would be founded named Liberal Union. == History == Founded by non-partisan liberals from the Academy and liberal defectors of Social Christian Unity Party, contested the 1998 election with Federico Malavassi as candidate receiving only 0.4% of the vote but succeeding in getting attorney Otto Guevara elected as member of the Legislative Assembly.
After an important protagonism during early 2000s with its perennial nominee Otto Guevara among the main candidates and reaching third place in 2006 and 2010, it was affected by several corruption scandals and lack of funds, the party gradually suffered a debacle in 2014 ending in fourth on the presidential ticket, and fifth in Parliament.
After an important protagonism during early 2000s with its perennial nominee Otto Guevara among the main candidates and reaching third place in 2006 and 2010, it was affected by several corruption scandals and lack of funds, the party gradually suffered a debacle in 2014 ending in fourth on the presidential ticket, and fifth in Parliament.
In 2006, Guevara again ran for president (unsuccessfully, 8.4% of the vote), and the party at the legislative elections won 9.1% of the popular vote and 6 out of 57 seats.
After an important protagonism during early 2000s with its perennial nominee Otto Guevara among the main candidates and reaching third place in 2006 and 2010, it was affected by several corruption scandals and lack of funds, the party gradually suffered a debacle in 2014 ending in fourth on the presidential ticket, and fifth in Parliament.
In the 2010 general election Guevara was again the PML's presidential candidate and received 20% of the popular vote, it also increased its number of deputies to nine (even so three of these deputies defects from the party before the end of the legislative period).
After an important protagonism during early 2000s with its perennial nominee Otto Guevara among the main candidates and reaching third place in 2006 and 2010, it was affected by several corruption scandals and lack of funds, the party gradually suffered a debacle in 2014 ending in fourth on the presidential ticket, and fifth in Parliament.
As previously, in 2015 another deputy defects; Carmen Quesada, who declares herself independent. Also in 2015 several party members went to trial after being accused of fraud by the State, apparently trying to trick the Electoral Tribunal in paying for trainings that were already cover by the Friedrich Naumann Foundation.
Later losing all its mayors in the mid-term local election of 2016, to finally having its worst results in 2018 with Guevara's candidacy reaching only 1% of support and losing all seats in Congress.
Later losing all its mayors in the mid-term local election of 2016, to finally having its worst results in 2018 with Guevara's candidacy reaching only 1% of support and losing all seats in Congress.
Judges sentenced party's vice president, treasurer and accountant to eight years in prison. For the 2018 general election the party held the first primary election in their history, due to there being more than one members aspiring for the party's nomination for the presidency.
On 2019 Guevara announced that the party would not take part in elections anymore and that a new formation would be founded named Liberal Union. == History == Founded by non-partisan liberals from the Academy and liberal defectors of Social Christian Unity Party, contested the 1998 election with Federico Malavassi as candidate receiving only 0.4% of the vote but succeeding in getting attorney Otto Guevara elected as member of the Legislative Assembly.
On November, 2019 Guevara announced the foundation of a new political party named Liberal Union as the Libertarian Movement is unable to pay its debts. ==Policy positions== The political party generally has a moderately libertarian perspective on policy issues, although sometimes policy proposals on social issues are more conservative, than libertarian, i.e.
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