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Economy / Peru

Peru

February 2012 | Risk Summary

Following President Ollanta Humala's election in 2011 we argued that following an initial honeymoon period, the problems of trying to please his diverse support base would become increasingly apparent, a view which appears to be playing out. In an interview with a Spanish newspaper on January 23 Humala claimed to have neither left- or right-wing ideological leanings, although he did admitted that it is 'sometimes necessary to take decisions that may have surprised some of the people who backed us', a clear suggestion that many of his left-wing supporters are disappointed with his lack of social reforms.

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