To answer the question and match List I with List II, we need to identify the correct pairing for each name. Let`s analyze each option and determine which one is correct:

Option 1: I-C, II-E, III-A, IV-B

This option suggests that Ernesto Zedillo (I) is associated with Mexico (C), Alberto Fujimori (II) with Peru (E), Julio Maria Sanguinetti (III) with Uruguay (A), and Fernando H. Cardoso (IV) with Brazil (B).

Option 2: I-D, II-E, III-C, IV-A

This option suggests that Ernesto Zedillo (I) is associated with Bolivia (D), Alberto Fujimori (II) with Peru (E), Julio Maria Sanguinetti (III) with Mexico (C), and Fernando H. Cardoso (IV) with Brazil (A).

Option 3: I-C, II-D, III-V, IV-B

This option suggests that Ernesto Zedillo (I) is associated with Mexico (C), Alberto Fujimori (II) with Bolivia (D), Julio Maria Sanguinetti (III) with a country denoted by V, and Fernando H. Cardoso (IV) with Brazil (B).

Option 4: I-E, II-C, III-A, IV-D

This option suggests that Ernesto Zedillo (I) is associated with Peru (E), Alberto Fujimori (II) with Mexico (C), Julio Maria Sanguinetti (III) with Uruguay (A), and Fernando H. Cardoso (IV) with Bolivia (D).

Now let`s match the information given in the question with the correct pairings:

- Ernesto Zedillo was the President of Mexico from 1994 to 2000. Therefore, Ernesto Zedillo (I) is associated with Mexico (C).

- Alberto Fujimori was the President of Peru from 1990 to 2000. Therefore, Alberto Fujimori (II) is associated with Peru (E).

- Julio Maria Sanguinetti was the President of Uruguay, serving non-consecutive terms from 1985 to 1990 and from 1995 to 2000. Therefore, Julio Maria Sanguinetti (III) is associated with Uruguay (A).

- Fernando H. Cardoso was the President of Brazil from 1995 to 2002. Therefore, Fernando H. Cardoso (IV) is associated with Brazil (B).

By matching the information, we find that the correct answer is Option 1: I-C, II-E, III-A, IV-B.