Although he won’t assume Peru’s presidency until July 28, a poll released yesterday by Peruvian firm Ipsos Apoyo reveals that President-elect Ollanta Humala enjoys a 70 percent approval rating with five weeks to go before his inauguration. Sixty-one percent of the electorate also believes he will govern moderately, similar to former Brazilian President Luiz Inácio Lula da Silva. Investors’ fears that he would drift toward Venezuelan President Hugo Chávez’ style of leadership temporarily crashed Peru’s stock exchange two weeks ago today.
Political observers in Peru warn that Humala will have to juggle several demands to satisfy the population. First, he will have to maintain the calm in the business sector to ensure steady commercial growth and foreign direct investment—one of the highest rates in South America. Second, Humala will also have to address the social concerns of the Peruvian people, such as a staunch fight against corruption.
The latter is an issue that Humala advocated for strongly in the presidential campaign, particularly in the runoff against Keiko Fujimori, the daughter of corruption-tainted ex-President Alberto Fujimori. Seventeen percent of the electorate disapproves of Humala while 13 percent remain undecided.