The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Peru set for continuing market-friendly policies

Ismael Benavides, Peru’s finance minister, believes that whoever is sworn in as the next president of Peru on July 28 will maintain market-friendly policies.

The Andean country, with a population of 29.5 million and a $153 billion economy, has its first round of elections on April 10. The president, Alan García, who represents the Popular American Revolutionary Alliance, a centre-left political party, will not stand again. The favourite to win is a former president, Alejandro Toledo, who will stand for Perú Posible, a centrist party. Keiko Fujimori, the daughter of former president Alberto Fujimori, who represents the right-wing Fuerza 2011, is the second favourite. Luis Castañeda, a former mayor of Lima representing the right-wing National Solidarity, is in third place. Ollanta ­Humala, who will stand for Peruvian Nationalist, a socialist party, is trailing the other candidates in the polls.

"All the main candidates will follow the market-oriented economic model of our administration," says Benavides. "Nowadays, there is a political consensus in Peru on the way forward."

He says that Peru is the fastest-growing economy in Latin America (GDP rose by about 8.7% last year) and managed to combine this with low inflation of 2.1%. Investment as a proportion of GDP was at 28.8%

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree