Crime and corruption add to Peru’s economic woes

Nearly 50,000 people work in the gold mines at La Rinconada in the Peruvian Andes and live in nearby colonies (photo: dpa)
Nearly 50,000 people work in the gold mines at La Rinconada in the Peruvian Andes and live in nearby colonies (photo: dpa)

Peru’s gold and copper exports have helped it become one of Latin America’s leading economic performers, but falling worldwide mineral prices and internal environmental opposition have hit its trade figures. The government has implemented several economic stimulus measures, but it also has to deal with growing organised crime and corruption. President Ollanta Humala’s poll ratings have slumped and his government is becoming a lame duck administration ahead of the 2016 presidential elections.

Crime and corruption add to Peru’s economic woes

<em>It has been a bad year for Peru, yet it continues to be an emerging country with solid macroeconomic fundamentals and an impor...

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