After an important protagonism during early 2000s with its perennial nominee Otto Guevara among the main candidates and reaching third place in 2006 and 2010, it was affected by several corruption scandals and lack of funds, the party gradually suffered a debacle in 2014 ending in fourth on the presidential ticket, and fifth in Parliament.

[3] In its 2014 electoral campaign, the party took a more socially conservative position, totally opposing the legalisation of abortion[2] and rejecting homosexual couples' right to a marriage license.

This electoral debacle was also costly, as the party was unable to pay some of its campaign debts to both workers, Social Security, loaners and Banks.

Also in 2015, several party members went to trial after being accused of fraud by the State, apparently trying to trick the Electoral Tribunal in paying for trainings that were already cover by the Friedrich Naumann Foundation.

[9] The other candidate was Natalia Díaz, a young, first-time deputy, who promised, if elected, she'll bring a new face to the party and renew its structure and administration.

[10] In November 2019 Guevara announced the foundation of a new political party named Liberal Union[11][12] as the Libertarian Movement is unable to pay its debts.