Peru
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Peru’s precarious stability
For years, Peru has outpaced its neighbors, achieving robust economic growth despite numerous political crises. Its informal economy has helped fuel that growth, but now poses a huge risk due to the coronavirus pandemic. To continue its rise, maintaining order, attracting investment and keeping Chinese influence at bay will be top priorities. But with precious little support in congress and an election looming, the question is whether President Martin Vizcarra can provide the leadership the country needs.
In Peru, the pace of progress slows
In Peru, President Pedro Pablo Kuczynski is wrangling with a fractious, majority-opposition congress. Having just narrowly escaped impeachment proceedings, he offered a presidential pardon to the controversial former President Alberto Fujimori. The move could gain him allies in the opposition’s ranks, but has alienated many of his supporters. However, with ...
Peru: PPK makes a strong start
Despite just barely eking out a victory in Peru’s June presidential elections, Pedro Pablo Kuczynski has made a fast start, gaining special powers to fight crime and corruption. The opposition has a significant majority in Congress, but PPK, as the president is known, is still likely to implement much of ...
Peru’s new president needs more than economic smarts
Pedro Pablo Kuczynski, or PPK as he is known by Peruvians, was the least likely candidate to win the recent presidential election in Peru. A liberal economist, and at 77 the oldest of 19 first-round candidates, he looks and speaks like a gringo. In fact, it was just six months ...
Dysfunctional politics stands in the way of Peru’s economy
More than 10 years of spectacular economic growth have come to an end in Peru with the conclusion of an era of extraordinarily high commodity prices. This sharp downturn coincides with general elections for the presidency and the legislature. Investors and Peruvians in general are assessing what has been achieved, ...
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