A Former President’s Detention Raised Few Eyebrows in Peru. What’s Going On?
LIMA – In most countries, the arrest of a former head of state on corruption allegations would trigger uproar. In Peru, the pre-trial detention of former President Ollanta Humala and his wife Nadine Heredia has met with something of a collective shrug. The country has been here before. Recently. Of Humala’s three predecessors spanning … Read more
Combating Youth Unemployment in Peru
Youth unemployment rates are near 20 percent in some areas of Peru, and not coincidentally, gang activity also is on the rise. It is a situation that cannot be ignored and one which President Ollanta Humala pledged to address during the campaign. His solution: combat gangs by promoting job training. This August, just weeks after … Read more
Peru’s Humala Aims to Reassure Investors
Ollanta Humala’s 2.95 percentage point win in Peru’s presidential election on June 5 triggered the local stock index’s biggest crash ever and sent some middle-class families in Lima, haunted by the ghosts of hyperinflation and past economic calamity, running to supermarkets to stock up on basic supplies. But the IGRA index recovered the 12.5 percent … Read more
A Plurality Loses the Vote in Peru and Faces a Tough Choice
Peruvians are bracing themselves for one of the most divisive presidential campaigns in recent history, with nationalist Ollanta Humala set to face off against right-wing Keiko Fujimori on June 5. The former colonel, who once led a coup against the corrupt administration of Ms. Fujimori’s father Alberto, has garnered 31 percent of the vote with … Read more
