In 1993, Gonzalo Sánchez de Lozada was elected president in alliance with the Tupac Katari Revolutionary Liberation Movement, which inspired indigenous-sensitive and multicultural-aware policies. Sánchez de Lozada pursued an aggressive economic and social reform agenda. The most dramatic reform was privatization under the "capitalization" program, under which investors, typically foreign, acquired 50% ownership and management control of public enterprises in return for agreed upon capital investments. In 1993, Sanchez de Lozada introduced the ''Plan de Todos'', which led to the decentralization of government, introduction of intercultural bilingual education, implementation of agrarian legislation, and privatization of state owned businesses. The plan explicitly stated that Bolivian citizens would own a minimum of 51% of enterprises; under the plan, most state-owned enterprises (SOEs), though not mines, were sold. This privatization of SOEs led to a neoliberal structuring.