The parties were aware that if one of them disputed the results of the upcoming election, it would seriously damage the country's fledgling democracy, given the economic instability and volatility that had resulted from declining oil prices and the post-coup atmosphere. Even in the few months since Pérez Jiménez's ouster, multiple coup attempts were made against the transitional government. The Pact was a solution for the parties to ensure cooperation and compliance with election results, allowing for a peaceful transition to democracy.