Politics, Business & Culture in the Americas

Former Economic Minister to Enter Fray for Peru’s Presidency



Former economic and finance minister of Peru, Pedro Pablo Kuczynski, has confirmed that he will officially enter the race for the presidency of Peru next Monday.  Kuczynski’s candidacy will be on behalf of an alliance between the Restauración Nacional (RN), Partido Humanista, and Alianza por el Progreso (APP) parties and may yet include the Siempre Unidos party.  The newly formed alliance will back Kuczynski in his bid for the presidency next year under the name Aliaza para el Gran Cambio and will constitute a centrist political party. 

The announcement will add yet another candidate to the ballots for the upcoming April 2011 elections.  Already vying for the presidency are Keiko Fujimori, the current front-runner and daughter of imprisoned former president Alberto Fujimori; Luis Castañeda, former mayor of Lima; Former finance minister Mercedes Aráoz; Former President Alejandro Toledo; and Ollanta Humala who very nearly won the presidential election in 2006. 

Chief concerns for the upcoming presidency are likely to be sustaining economic growth and poverty reduction.  With current economic estimates pointing to over 8 percent growth this year, the future president will be expected to continue policies that have made this possible including free trade, promoting foreign investments and fiscal discipline.  And while poverty rates have decreased from 50 to 34 percent, small towns and communities continue to demand more benefits from the large infrastructure projects that have helped expand Peru’s economic capacity.  

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