Presidency (1982)

Vildoso became president of Bolivia on 21 July 1982. Faced with a grave social, economic and fiscal crisis, Vildoso accelerated the re-democratization process. He and his fellow commanders essentially had two options: call new elections, or to reconvene the 1980 Congress and respect the results of that year's presidential contest. When it became apparent that the country would crumble into civil war before new elections could be held, Vildoso's junta recalled the 1980 Congress and promised to accept its choice of president. Congress reconvened on 23 September, and its virtual first act was to reconfirm the 1980 election results, which showed former president Hernán Siles Zuazo well ahead, though short of a majority. On 5 October, Congress overwhelmingly elected Siles as president.

Vildoso returned the presidential emblems to Congress on October 10, 1982, thus closing the door on military control of Bolivia. This gesture allowed Siles to formally take office later that day. Nonetheless, Vildoso and his cabinet were loudly booed by the population present at the transfer of power to Siles. The Bolivian Congress did later acknowledge Vildoso for his two main accomplishments: restoring democracy to Bolivia with no bloodshed and developing the fundamentals of the economic plan, 21060, that was later used by President Víctor Paz Estenssoro to restore sound macroeconomic variables to the nation.