Enrique Peñaranda assumed office as the 38th President of Bolivia on 15 April 1940, and his term was terminated by a on 20 December 1943. A general in the Chaco War, Peñaranda was brought forth by the traditional conservative political parties, sidelined since the end of the Chaco War, as their candidate in the 1940 general elections. Peñaranda formed six cabinets during his under 44-month presidency, constituting the 102nd to 107th national cabinets of Bolivia.