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Founded by Prince Michael of Liechtenstein

Our mission:Advice based on facts, not ideology

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)

General info

Location

Peru

Date

30 December 2015

Contains

Report Scenarios

Tags

Alan Garcia Alberto Fujimori extortion infrastructure Nadine Heredia Ollanta Humala opinion polls

Author

Carlos Basombrio

Carlos Basombrío is a a political analyst, sociologist and vice-minister of the Peruvian Ministry of the Interior and former director of the Institute for Legal Defence, a leading Lima-based human rights organization.

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.

<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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Exports will fall again in 2014, after a decade of explosive growth. Despite plans to diversify the economy, Peru still depends greatly on mining – it is a major exporter of copper and gold