Institutional Revolutionary Party
Cárdenas's successor Manuel Ávila Camacho gave the party its present name in 1946. The party, under its three different names, held every political position until 1946 when the PAN started winning posts for municipal president and federal deputies and senators, starting in 1946, after the party changed its name to its current name, the Institutional Revolutionary Party. By then, the party had acquired a reputation for corruption, and while this was admitted (to a degree) by some of its affiliates, its supporters maintained that the role of the party was crucial in the modernization and stabilization of Mexico.
Institutional Revolutionary Party
Greater economic stability since the last major economic crisis in Mexico (the 1995 peso crisis) was achieved in great part through economic reforms begun under Ernesto Zedillo, who was the last successive PRI-nominated president to serve since the Mexican Revolution, and whose tenure commenced just as the peso crisis was coming to a head. Subsequent administrations maintained stability with continued assistance from PRI members such as Secretary of Finance Francisco Gil Diaz and Bank of Mexico Governor Guillermo Ortiz.