In 2003 the effects of the bankruptcy of three banking entities whose savers were protected by the government who financed this situation by creating inflation. This caused a strong economic crisis accompanied by the devaluation of the currency and capital outflows, instability that led to the bankruptcy of many companies. With the congressional majority obtained in 2002, President Mejía promoted a constitutional reform that restored the possibility of presidential reelection, which had been abolished in 1994 at the request of his own party. This reform caused problems within his party causing a division within its main leaders.