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2011 Peruvian general election
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August 2020
Peru state 2006 Peruvian general election 2006 2016 Peruvian general election 2016 yes Presidential election presidential 83.71% (first round) 5.00pp 82.54% (second round) 5.17pp 10 April 2011 (first round) 5 June 2011 (second round) Opinion polling for the 2011 Peruvian general election Ollanta Humala 2014 (cropped).jpg Ollanta Humala Marisol EspinozaOmar Chehade 7,937,704 51.45% Peruvian Nationalist Party Peru Wins F0001C Keiko Fujimori 2 (cropped).jpg Rafael ReyJaime Yoshiyama Keiko Fujimori 7,490,647 48.55% Force 2011 FF8000 165px165px
First round results by department (left) and province (right)
325px
Second round results by department (left) and province (right) 2 President Alan García American Popular Revolutionary Alliance Ollanta Humala Peru Wins yes 10 April 2011 Congressional election All 130 seats in the Congress of Peru 66 Ollanta Humala Peru Wins #F0001C 25.27 0 47 Keiko Fujimori Force 2011 #FF8000 13 37 22.97 Alejandro Toledo Possible Peru #80FF00 14.83 2 21 Pedro Pablo Kuczynski APGC #00B0F6 2 12 14.42 ASN #FFFF00 Luis Castañeda Lossio 45 9 10.22 Alan García American Popular Revolutionary Alliance 36 4 6.43 Elecciones parlamentarias de Perú de 2011 - Resultados.svg Results by department
General elections were held in Peru on 10 April 2011 to elect the president, the vice presidents, 130 members of Congress and five members of the Andean Parliament. As no presidential candidate received a majority in the first round, a second round was held on 5 June to determine the successor of outgoing president Alan García. Former army officer Ollanta Humala narrowly defeated Keiko Fujimori, daughter of imprisoned former President Alberto Fujimori.Bajak Frank Leftist Humala narrowly wins Peru election Associated Press Forbes 6 June 2011 https://www.forbes.com/feeds/ap/2011/06/06/general-lt-peru-election_8501624.html 6 June 2011January 2022 medicmedic Humala was sworn in as the 94th President of Peru on 28 July.
Background
April 2011
After the third presidential term of Alberto Fujimori, new rules were established to curtail presidential authority.April 2011 The outgoing president is now forbidden to run for reelection until five years have elapsed since the end of a presidential term.
Peruvian politics adhere to a multi-party system, in which no one political group has a majority in Congress. This has led recent administrations to form loose alliances while in office to govern effectively. Such multi-party system has been in place ever since the administration of President Alberto Fujimori (1990–2000), following his 1992 dissolution of Congress.
The elections are organised by three groups. First of all the RENIEC (National Registry of Identification and Civil Status), they are in charge of maintaining the civil records. And by that they define who has to vote and who doesn't. In Peru, all citizens aged 18 to 70 are compelled to vote, elections being discretionary past the age of 70. The real organization of the elections and also of all other referendums is done by the ONPE (National Office of Electoral Processes). The last organisation is the JNE (National Jury of Elections), they are looking into the legality of the elections and the campaign plans.
Presidential candidates
Presidential tickets Peru Wins Force 2011 Alliance for the Great Change Possible Peru Electoral Alliance National Solidarity Alliance center|80x80px center|80x80px center|80x80px center|80x80px center|80x80px white Ollanta Humala white Keiko Fujimori white Pedro Pablo Kuczynski white Alejandro Toledo white Luis Castañeda center|210x210px center|210x210px center|210x210px center|210x210px center|210x210px Member of Congress(2006–2011) President of the Council of Ministers(2005–2006) President of Peru(2001-2006) Mayor of Lima(2003-2010)Running mates 1st: Marisol Espinoza2nd: Omar Chehade 1st: Rafael Rey2nd: Jaime Yoshiyama 1st: Máximo San Román2nd: Marisol Pérez Tello 1st: Carlos Bruce2nd: Javier Reátegui 1st: Augusto Ferrero Costa2nd: Carmen Rosa Núñez
The election campaigns started early in the summer of 2010. During most of 2010, polls were led by two right wing political parties: National Solidarity, led by former mayor of Lima Luis Castañeda Lossio and Force 2011, led by ex-president Alberto Fujimori's daughter, Keiko Fujimori. In November 2010, the Alliance for the Great Change launched the candidacy of the former prime minister Pedro Pablo Kuczynski. Claiming a more centrist stand are, the ruling party APRA and Possible Peru, the latter under the leadership of former Peruvian President Alejandro Toledo.April 2011
The left-wing politician Ollanta Humala is supported by the Peruvian Nationalist Party.http://english.aljazeera.net/news/americas/2011/04/201141151929726964.html Leftist ex-soldier leads Peru poll – Americas Al Jazeera English 11 April 2011 19 April 2011
The Fuerza Socialhttp://elcomercio.pe/politica/729545/noticia-manuel-rodriguez-cuadros-renuncio-su-candidatura-presidencial es Manuel Rodríguez Cuadros renunció a su candidatura presidencial El Comercio 18 March 2011 El Comercio Perú 19 April 2011 and Cambio Radicalhttp://elcomercio.pe/politica/711340/noticia-cambio-radical-presento-al-jeelc-su-lista-candidatos-al-congreso es Cambio Radical presentó al JEELC su lista de candidatos al Congreso El Comercio Perú 19 April 2011 do not have presidential candidates. The incumbent Alan García's American Popular Revolutionary AllianceEl Apra participaría únicamente en elecciones parlamentarias http://elcomercio.pe/politica/699952/noticia-apra-participaria-unicamente-elecciones-parlamentarias 19 April 2011 El Comercio Perú es is also not fielding a candidate in the election.Angel Paez http://english.aljazeera.net/indepth/features/2011/04/20114914395340540.html Run-off expected in Peru election – Features Al Jazeera English 9 April 2011 19 April 2011
Political Party or GroupPresidential candidateCandidate for First Vice PresidentCandidate for Second Vice PresidentPeru Wins Alliance
Peruvian Nationalist Party (Partido Nacionalista Peruano)
Socialist Party (Partido Socialista)
Peruvian Communist Party (Partido Comunista Peruano)
Revolutionary Socialist Party (Partido Socialista Revolucionario)
Political Movement Socialist Voice (Movimiento Político Voz Socialista)Ollanta HumalaMarisol EspinozaOmar ChehadeForce 2011 Alliance
Force 2011 (Fuerza 2011)
National Renewal (Renovación Nacional)Keiko FujimoriRafael ReyJaime YoshiyamaPossible Peru Alliance
Possible Peru (Perú Posible)
We Are Peru (Somos Perú)
Popular Action (Acción Popular)Alejandro ToledoCarlos BruceJavier ReáteguiAlliance for the Great Change
Alliance for Progress (Alianza para el Progreso)
Peruvian Humanist Party (Partido Humanista Peruano)
Christian People's Party (Partido Popular Cristiano)
National Restoration (Restauración Nacional)Pedro Pablo KuczynskiMáximo San RománMarisol Pérez TelloNational Solidarity Alliance
National Solidarity (Solidaridad Nacional)
Change 90 (Cambio 90)
Always Together (Siempre Unidos)
All for Peru (Todos por el Perú)
Union for Peru (Unión por el Perú)Luis Castañeda LossioAugusto Ferrero CostaCarmen Rosa NúñezJustice, Technology and EcologyHumberto PinazoWilson BarrantesVíctor GiraoNational Awakening PartyRicardo NoriegaMartina PortocarreroRoberto VillarPeruvian Fonavista PartyJosé Ñique de la PuenteAndrés AlcántaraCecilia Grados GuerreroNational Force PartyJuliana ReymerJulio MacedoSergio GallardoAhead Political PartyRafael Belaúnde AubryLuis DestefanoSixto Vilcas
+ Voluntarily Withdrawn Political party Candidate Withdrawal Name for President for 1st Vice-president for 2nd Vice-president Date MotiveAmerican Popular Revolutionary AllianceAPRAMercedes Araóz FernándezJavier VelásquezNidia Vílchez 17 January Internal Party disputesSocial Force Fuerza SocialManuel Rodríguez CuadrosVladimiro HuarocElva Quiñones 18 March Mr. Rodríguez claimed lack of credibility of electoral process
Alejandro Toledo is a former president.
Keiko Fujimori campaign ran on support of the status quo free-market policies, however she was seen as hindered because of her ties to her father Alberto Fujimori,http://www.soundsandcolours.com/articles/peru/caution-left-turn-only-peruvian-elections/ Caution, Left Turn Only – Peruvian Elections 22 April 2011 22 April 2011 26 April 2011 https://web.archive.org/web/20110426155311/http://www.soundsandcolours.com/articles/peru/caution-left-turn-only-peruvian-elections/ dead who is in prison for corruption and human rights crimes following a crackdown on the Túpac Amaru Revolutionary Movement in the 1990s, following the Japanese embassy hostage crisis in 1996–1997. In addition, her campaign has been criticized for vote-buying."Peru Elections Near: A Look at the Candidates" https://web.archive.org/web/20110717112815/http://wolaperuelections.tumblr.com/post/5868871425/peru-elections-near-a-look-at-the-candidates 17 July 2011 . WOLA, 26 May 2011. Retrieved 3 June 2011.
Pedro Pablo Kuczynski, a former prime minister, is also known as "El Gringo" because he has U.S. citizenshiphttp://diario16.com.pe/noticia/2514-el-imperio-de-ppk es El imperio de PPK Diario16 19 April 2011 https://web.archive.org/web/20110423201311/http://diario16.com.pe/noticia/2514-el-imperio-de-ppk 23 April 2011 dead and is of European descent. His support was seen as limited outside Lima because of his support amongst the country's elite.
Ollanta Humala, who had once led a military revolt in 2000 that was quickly put down, softened what was seen as his anti-capitalist tone to look more moderate along the lines of Brazil's former president Luiz Inácio Lula da Silva. He told a campaign rally that "We are willing to make many concessions to unite Peru, we are going to talk with all political forces. Social problems must be resolved through dialogue. Let's vote without fear." Voters were seen to vote against Garcia in order to have a "fairer division of Peru's booming economy – backed by rich mineral resources – a key issue for more than a third of the population still living in poverty." The other candidates tried to discredit him by saying he would increase state control over the economy, roll back reforms and jeopardise about $40bn in potential foreign investment over the next decade in mining and energy exploration. Moody's ratings agency also said that Peru's investment-grade credit rating would not be threatened should Humala win. Despite this the sol and the Lima Stock Exchange's flagship index main stock index fell over the two weeks before the first round of the election on speculation that Humala would raise mining taxes, increase state subsidies and/or tighten control of such "strategic" sectors as electricity.
Opinion polls conducted in late May 2011 showed Fujimori and Humala in a statistical tie in a runoff vote scheduled for 5 June 2011, with one point separating the two candidates."Peru Elections Near: A Look at the Candidates" https://web.archive.org/web/20110717112819/http://wolaperuelections.tumblr.com/post/6071624676/peru-elections-near-a-look-at-the-candidates 17 July 2011 . WOLA, 1 June 2011. Retrieved 2 June 2011.July 2011
Support for the second round
Some of the candidates and parties eliminated in second round have expressed their support for one of the contestants in the run-off election.
Alliance for the Great Change candidate P. P. Kuczynski declared that he would vote for Fujimori,http://noticias.terra.com.pe/elecciones-presidenciales/2011/pedro-pablo-kuczynski-votare-por-keiko-fujimori,92e9fb4537c20310VgnVCM10000098f154d0RCRD.html Pedro Pablo Kuczynski: "Votaré por Keiko Fujimori" Terra 26 May 2011 1 June 2011 23 August 2011 https://web.archive.org/web/20110823104516/http://noticias.terra.com.pe/elecciones-presidenciales/2011/pedro-pablo-kuczynski-votare-por-keiko-fujimori,92e9fb4537c20310VgnVCM10000098f154d0RCRD.html dead as well as his running mate Máximo San Román and ally Humberto Lay (National Restoration), whereas Humanists' leader Yehude Simon declared his support for Humala.http://www.larepublica.pe/01-06-2011/yehuden-simon-estoy-sorprenido-del-apoyo-de-lay-keiko Yehude Simon: Me sorprende el apoyo de Lay a Keiko LaRepublica.pe 1 June 2011 1 June 2011
The Possible Peru Alliance and its candidate Alejandro Toledo also announced support for the "Peru Wins"-candidatehttp://www.larepublica.pe/26-05-2011/alejandro-toledo-decide-apoyar-candidatura-de-ollanta-humala Alejandro Toledo decide apoyar candidatura de Ollanta Humala LaRepublica.pe 26 May 2011 1 June 2011 https://web.archive.org/web/20110630075740/http://www.larepublica.pe/26-05-2011/alejandro-toledo-decide-apoyar-candidatura-de-ollanta-humala 30 June 2011 dead in exchange for a participation in Humala's aspired government.http://elcomercio.pe/politica/755607/noticia-alejandro-toledo-ollanta-humala-me-ofrecio-cogobierno Alejandro Toledo: "Ollanta Humala me ofreció un cogobierno" ElComercio.pe 11 May 2011 1 June 2011
National Solidarity leader Luis Castañeda on the other hand uttered his backing for the Force 2011 frontwoman.http://www.tuteve.tv/noticia/actualidad/luis-castaneda-confirma-votara-keiko-fujimori Luis Castañeda confirma que votará por Keiko Fujimori tuteve.tv 27 May 2011 1 June 2011
APRA did not have a clear party line but former Prime minister Javier Velásquez inclined to Keiko Fujimori's side.http://www.larepublica.pe/01-06-2011/fujimori-utiliza-nombre-de-otros-partidos-para-ganar-votos Fujimori utiliza nombre de otros partidos para ganar votos LaRepublica.pe 21 June 2011 1 June 2011 https://web.archive.org/web/20110604145234/http://www.larepublica.pe/01-06-2011/fujimori-utiliza-nombre-de-otros-partidos-para-ganar-votos 4 June 2011 dead
Nobel laureate writer Mario Vargas Llosa, liberal presidential candidate of 1990 and opponent of Alberto Fujimori, stated that he would "never vote" for Fujimori's daughter and warned the nation of a "return to dictatorship" that came up with a victory of Keiko.http://www.todanoticia.com/26324/vargas-llosa-arremete-contra-keiko/?lang=en Vargas Llosa blasts Keiko Fujimori todanoticia.com 16 May 2011 2 June 2011 17 July 2011 https://web.archive.org/web/20110717065422/http://www.todanoticia.com/26324/vargas-llosa-arremete-contra-keiko/?lang=en dead He, personally, would vote for Humala, "unhappily and with fear" but as the lesser evil.https://www.theguardian.com/books/2011/apr/28/mario-vargas-llosa-peru-election Mario Vargas Llosa under fire for Peru election endorsement The Guardian London 28 April 2011 2 June 2011 Rory Carroll
Debates
First round
DateApril 2011 HostApril 2011 LocationApril 2011 ModeratorApril 2011 SubjectApril 2011 Highlights 3 March El Comercio El Comercio headquartersLima Juan Paredes Castro Education, security, social inclusion and free subjectThe eleven presidential candidates presented their proposals.http://elcomercio.pe/politica/722050/noticia-todo-lo-que-saber-debate-que-realizara-esta-noche-comercio es Reviva el debate de los 11 candidatos a la presidencia El Comercio Perú 19 April 2011http://elcomercio.pe/politica/722483/noticia-lo-que-dijeron-principales-candidatos-debate-comercio es Lo que dijeron los principales candidatos tras el debate en El Comercio El Comercio Perú 19 April 2011 Alejandro Toledo won the newspaper poll.http://elcomercio.pe/politica/722408/noticia-que-propusieron-candidatos-politicas-inclusion-social_1 es VOTE Y OPINE: ¿Qué candidato expuso mejor sus propuestas? El Comercio Perú 19 April 2011 13 March Jurado Nacional de EleccionesColegio MédicoLimaFederico SalazarVaried 3 April Asociación Civil Transparencia Sheraton HotelLima José María Salcedo VariedOnly the top five candidates are to be included. This has caused various criticisms from other candidates, who argue that the debate is undemocratic and exclusive. Political analysts agreed that the 5 main candidates didn't make new proposals.April 2011
Second round
DateConoce los detalles del debate presidencial de este domingo es El Comercio (Peru) 25 May 2011 http://elcomercio.pe/politica/762886/noticia-conoce-detalles-debate-presidencial-este-domingo-29-mayo 7 June 2011 Host Location Moderator Subject Highlights 29 May National Jury of Elections Marriott HotelLima José María Salcedo VariedPresidential hopefuls Ollanta Humala and Keiko Fujimori squared off in a bitter final debate on Sunday in Lima, one week before general elections that will decide the Andean country's next president.Bamat Joseph Candidates on the attack in final presidential debate France 24 30 May 2011 http://www.france24.com/en/20110530-peru-elections-presidential-debate-fujimori-june-5-lima-ollanta-humala-keiko 7 June 2011
Opinion polls
Opinion polling for the 2011 Peruvian general election
Results
President
325px|thumb|First round results by department (small left) and municipality (big right)325px|thumb|Second round results by department (small left) and municipality (big right)
Ollanta Humala Peru Wins 4643064 7937704 red Keiko Fujimori Force 2011 3449595 7490647 Pedro Pablo Kuczynski Alliance for the Great Change 2711450 #00B0F6 Alejandro Toledo Possible Peru 2289561 Luis Castañeda Lossio National Solidarity Alliance 1440143 José Ñique de la Puente es Fonavistas of Peru 37011 Ricardo Noriega National Awakening Party 21574 Rafael Belaúnde Aubry es Forward Party 17301 Juliana Reymer National Force Party 16831 Humberto Pinazo Justice, Technology, Ecology 11275 Manuel Rodríguez Cuadros Decentralist Social Force Party 9358 2052571 1038046 19949915 19949915 JNE
Congress
File:Congress of Peru 2011.svg Peru Wins 3245003 47 red Force 2011 2948781 37 Possible Peru Alliance 1904180 21 #80FF00 Alliance for the Great Change 1851080 12 #00B0F6 National Solidarity Alliance 1311766 9 #FFFF00 American Popular Revolutionary Alliance 825030 4 Radical Change (Peru) es Cambio Radical (Perú) Radical Change 347475 0 Fonavistas of Peru 170052 0 Decentralist Social Force Party 108200 0 Forward Party 42276 0 National Force Party 37633 0 National Awakening Party 30190 0 Justice, Technology, Ecology 17478 0 3862475 19949915 JNE
Andean Parliament
Peru Wins 2740147 2 red Force 2011 2353674 1 Possible Peru Alliance 1498784 1 #80FF00 Alliance for the Great Change 1413785 1 #00B0F6 National Solidarity Alliance 954619 0 #FFFF00 American Popular Revolutionary Alliance 638675 0 Radical Change (Peru) es Cambio Radical (Perú) Radical Change 195441 0 Fonavistas of Peru 158877 0 Decentralist Social Force Party 65265 0 Justice, Technology, Ecology 49869 0 Forward Party 36193 0 National Force Party 35014 0 6563234 19949915 JNE, ONPE
Reactions
Fujimori congratulated Humala on his victory after admitting defeat.Peru election winner Humala congratulated by rival. BBC (7 June 2011). Retrieved 28 July 2011.
States
Bolivia – After the first-round, President Evo Morales sent a letter to Humala congratulating him and said of those who voted for him did so "to advance with the transformation of their nation and its institutions...Receive in my name, from the government and from the Bolivian people, a fraternal and revolutionary salute."http://peripheralrevision.wordpress.com/2011/04/11/bolivias-morales-congratulates-perus-humala-for-1st-round-election-success/ Bolivia's Morales Congratulates Peru's Humala For 1st round election success « Peripheral Revision Peripheralrevision.wordpress.com 11 April 2011 30 July 2011
Colombia – President Juan Manuel Santos called Humala the next day to congratulate him for his "victory in the electoral vote that consolidates the Peruvian democracy. Santos reiterated Colombia's commitment to continue working at the strengthening of relations between the two countries and of all Latin America.""Santos congratules Humala on winning Peru elections" https://web.archive.org/web/20110608040027/http://colombiareports.com/colombia-news/news/16775-santos-congratules-humala-on-winning-peru-elections.html 8 June 2011 . Colombia Reports (6 June 2011). Retrieved 28 July 2011. This was despite concerns in Colombia of being "surrounded by leftists.""What does Humala's election mean for Colombia?" https://web.archive.org/web/20110720082127/http://colombiareports.com/opinion/santiago-sosa/16923-what-does-humalas-election-mean-for-colombia.html 20 July 2011 . Colombia Reports (13 June 2011). Retrieved 28 July 2011.
Finance Minister Juan Carlos Echeverry said that a merger between the two countries' stock exchanges was unlikely to be affected. He also said that Humala could "prove the markets wrong" in reference to concerns over former Brazilian President Luiz Inácio Lula da Silva's electoral victory. However, the Bogotá Stock Exchange indices also fell.Murphy Helen 17 April 2011 https://www.bloomberg.com/news/2011-04-17/humala-victory-won-t-derail-colombia-peru-exchanges-merger-echeverry-says.html Humala Victory Won't Derail Colombia-Peru Exchanges Merger, Echeverry Says Bloomberg 28 July 2011 subscription
Economic
The Lima Stock Exchange index also plunged the following dayhttp://blog.bitcomet.com/post/1960340/ Nationalist Humala edges out rival in Peru, unnerving investors – 16250762's BLOG Blog.bitcomet.com 29 July 2011 https://web.archive.org/web/20110810101104/http://blog.bitcomet.com/post/1960340/ 10 August 2011 dead amid concerns of Humala's economic policies and cabinet ministers.
Government formation
Former president Alejandro Toledo was set to be in talk with Humala to join his government in some form. However, in mid-July he quit the talks, though he said legislators from their two parties would vote together on some issues.Faries, Bill. (16 July 2011) Peru Party Ends Talks Over Humala Government Role, Peru.21 Says. Bloomberg. Retrieved 28 July 2011.
About a week before his inauguration Humala introduced a cabinet line-up that was positively received by financial markets and the business community because most appointees were read as "moderate" and "establishment" figures who thus allayed apparent fears of radical change. His cabinet line-up includes:
AppointeeMoffett, Matt. (22 July 2011) "Peru Leader Taps Moderate Cabinet". The Wall Street Journal. Retrieved 28 July 2011.PositionOllanta HumalaPresidentMarisol EspinozaFirst Vice PresidentOmar ChehadeSecond Vice PresidentSalomon Lerner GhitisPrime MinisterRafael RoncaglioloForeign MinisterLuis Jose https://www.google.com/hostednews/afp/article/ALeqM5im7PGHNg1N74Q7H77_YxCEf5Gzew?docId=CNG.257ca886195e82c183202f64ad9ed6e5.181 https://archive.today/20130125032359/http://www.google.com/hostednews/afp/article/ALeqM5im7PGHNg1N74Q7H77_YxCEf5Gzew?docId=CNG.257ca886195e82c183202f64ad9ed6e5.181 dead 25 January 2013 AFP: Ollanta Humala sworn in as Peru's president 29 July 2011 Miguel CastillaEconomy and Finance Minister (Incumbent Deputy Finance Minister)Carlos OlivaDeputy Finance MinisterLaura CalderonDeputy Economy Minister(Incumbent chief of the tax agencyAugust 2011)Daniel MoraDefense MinisterOscar ValdesInterior Ministerhttp://english.aljazeera.net/news/americas/2011/08/201181843919238618.html Peru suspends coca eradication programme 21 April 2016Francisco EguigurenJustice Ministerhttp://pe.noticias.yahoo.com/gabinete-humala-jura-queda-funciones-185402511.html https://archive.today/20120715070934/http://pe.noticias.yahoo.com/gabinete-humala-jura-queda-funciones-185402511.html dead 15 July 2012 Yahoo 21 April 2016Miguel Zalazzi CaillauxAgriculture Ministerhttp://www.larepublica.pe/24-07-2011/gabinete-alberto-tejada-iria-al-ministerio-de-salud-y-miguel-caillaux-agricultura Gabinete: Alberto Tejada iría al Ministerio de Salud y Miguel Caillaux a Agricultura larepublica.pe 21 April 2016 https://web.archive.org/web/20110802070357/http://www.larepublica.pe/24-07-2011/gabinete-alberto-tejada-iria-al-ministerio-de-salud-y-miguel-caillaux-agricultura 2 August 2011 deadAlberto TejadaHealth MinisterPatricia SalasEducation MinisterJosé Luis Silva MartinotForeign Commerce and Tourism MinisterRudecindo VegaLabour MinisterCarlos Paredes RodríguezTransport and Communications MinisterRicardo GieseckeEnvironment MinisterKurt BurneoDevelopment and Social Inclusion Ministerhttp://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201108181002dowjonesdjonline000347&title=peru-cabinet-approves-creation-of-new-ministry Today's Stock Market News and Analysis - Nasdaq.com NASDAQ.com 21 April 2016Kurt BurneoProduction MinisterCarlos HerreraEnergy and Mines MinisterRené CornejoHousing, Construction and Sanitation MinisterSusana BacaCulture MinisterLatin Grammy-winner named Peru's culture ministerJune 2024 medicmedic. The Associated Press via Google.com. Retrieved 28 July 2011.Aída García-NaranjoWomen and Social Development MinisterJulio VelardeCentral Reserve Bank of Peru President (incumbent)
On 18 August, the cabinet authorised the creation of the Ministry of Development and Social Inclusion whose function would be to implement the social programmes of the government to promote "social inclusion." The ministry was created to turn the social programmes into productive tools for the benefit of the poor and that one of its objectives would be to create the conditions so that beneficiaries of the JuntosAugust 2011 programme use subsidies for "financial leverage" so as to improve their quality of life.http://www.andina.com.pe/INgles/Noticia.aspx?id=UAPHQTF/0bg= Peru's Cabinet passes bill to create Development, Social Inclusion Ministry www.andina.com.pe https://web.archive.org/web/20120319195603/http://www.andina.com.pe/INgles/Noticia.aspx?id=UAPHQTF%2F0bg%3D 19 March 2012
As a result of Humala's appointees, which came in contrast to concerns he would introduce changes that could hurt Peru's economic growth, Peru's sol-denominated bonds increased as yields fell from 7.84 percent for maturities in due in August 2020 to 6.12 percent. The bond prices gained 0.29 centimo to 111.78 centimos per sol, the highest since 23 February.https://www.bloomberg.com/news/2011-08-02/peru-bonds-rise-on-bet-humala-economic-team-to-foster-investment.html Bloomberg John Quigley Peru Bonds Rise on Bet Humala Economic Team to Foster Investment 2 August 2011 subscription Carlos Herrera said that Peru would seek a mining windfall profits tax after consultations with companies."Peru's Herrera seeks mining profits tax". Reuters. Retrieved 28 July 2011.
Reaction
In reaction to the perceived "moderate" appointments the sol held steady at a three-year high."Peru's Sol Holds Near Three-Year High After Humala Appointments". Bloomberg. Retrieved 28 July 2011. The credit rating agency Fitch also reaffirmed Peru's BBB− credit rating with a positive outlook.http://pymnts.com/fitch-affirms-perus-ltfc-idr-at-bbb--outlook-remains-positive-20110727006899/ Fitch Affirms Peru's LTFC IDR at 'BBB-'; Outlook Remains Positive pymnts.com 13 August 2010 29 July 2011 dead https://archive.today/20120714063653/http://pymnts.com/fitch-affirms-perus-ltfc-idr-at-bbb--outlook-remains-positive-20110727006899/ 14 July 2012 The decision to keep Velarde at the Central Bank also resulted in a rise for the Lima Stock Exchange's indices.Emery Alex subscription https://www.bloomberg.com/news/2011-07-18/peruvian-stocks-surge-after-humala-says-central-bank-president-to-stay.html Peruvian Stocks Surge as Humala Says He'll Keep Velarde Atop Central Bank Bloomberg 18 July 2011 29 July 2011 Roque Benavides, the chief executive officer of Cia. de Minas Buenaventura SA, (Peru's largest precious metals producer) said of Humala's ministerial appointees that "there are very, very good ministers who have been called to contribute. What we have now is better than what we expected."Murphy Helen Quigley John https://www.bloomberg.com/news/2011-07-28/humala-backers-cry-foul-as-former-peru-rebel-tilts-to-investors.html Ex-Rebel, Now Peru's President, Riles Backers Bloomberg 5 June 2011 29 July 2011 subscription Mining companies such as Southern Copper and Cia. de Minas Buenaventura SA had previously warned against a tax on sales, which could make the mining industry less competitive and affect the US$42 billion in planned mining investment. Southern Copper said that it expected a "positive result" from consultation talks on the proposed new windfall tax levy on mining companies. Financial Planning Manager Raul Jacob said that the government would continue to support new mining projects like the US$1 billion Tia Maria copper mine. "We think the government will establish the taxation but will maintain the cost-competiveness cost-competitiveness of the mining industry. [The company is] confident that good investment conditions, stability, social inclusion and growth will prevail in Peru."https://www.bloomberg.com/news/2011-08-02/southern-copper-sees-positive-result-from-talks-with-humala-on-peru-tax.html Bloomberg Alex Emery Southern Copper Sees 'Positive Result' From Talks With Humala on Peru Tax 2 August 2011
However, his softening stance on regulating and taxing the mining sectorBlas Javier http://www.ft.com/intl/cms/s/0/fb00eb90-b2a7-11e0-bc28-00144feabdc0.html?ftcamp=rss Humala softens stance on Peru's mining sector Financial Times 20 July 2011 29 July 2011 caused consternation amongst some of his original supporters. Mario Huaman, the head of the General Workers' Confederation (the largest labour union in Peru, who also endorsed Humala) said that: "We're worried. We'll listen very carefully to what he says in the coming days and see if he shares our views. Then we'll decide our plan of action, our plan to fight. He promised change." Renee Ramirez, the general secretary of the Education Workers Union said that: "The new government has built up such great hopes that if it doesn't follow through there'll be a big divorce. We're not going to keep quiet. We threw our weight behind Humala but we didn't write him a blank check."
Alvaro Vargas Llosa, a senior fellow at the Washington, D.C.–based Independent Institute and son of Mario Vargas Llosa said that "He has to find a way to keep the base close while not letting it dictate economic policy." Erasto Almeida, a political analyst at Eurasia Group added that if his opinion rating drops further or the economy slows that Humala "could be tempted later on in his mandate" to adopt less market-friendly policies.
Indigenous groups, such as AIDESEP in the Amazon, have expressed disappointment with Humala's move away from the left amidst his campaign promises to champion the Inca empire. They cited such reasons as Humala plan to go through with a Garcia-era proposal to bring in up to US$20 billion in the next five years, US$6.2 billion of which Garcia had already lined-up, for such measures as oil exploration in the Amazon. Alberto Pizango, the head AIDESEP, said that "The [indigenous] communities had entrusted this government to oversee a real, profound change. But Humala has altered his discourse, leading the people to say this government will just be more of the same." He also criticised the appointment of Herrera because of the latter's approval of petroleum concessions when he first held the ministerial post in 2000.https://www.reuters.com/article/us-peru-humala-indigenous-idUSTRE77G5RU20110817 Reuters Analysis: Peru's indigenous losing faith in reformed Humala 17 August 2011
Former President Alan García chaired his final cabinet meeting on 27 July.President Garcia chairs last Cabinet meeting today https://web.archive.org/web/20120319195235/http://www.andina.com.pe/Ingles/Noticia.aspx?Id=478TtQy5taM= 19 March 2012 ANDINA (Peru News Agency). Retrieved 28 July 2011. At it he said:http://www.peruthisweek.com/news-224-Perus-Garcia-achievements-will-be-recognized-by-history/ Peru's Garcia: Achievements Will Be Recognized By History Peruthisweek.com 29 July 2011 https://web.archive.org/web/20120325003024/http://www.peruthisweek.com/news-224-Perus-Garcia-achievements-will-be-recognized-by-history/ 25 March 2012 dead
I wanted to thank all of the ministers, also the regional presidents have put in a great deal of effort into their jobs, and mayors who are those who develop directly and closely with the people. [I am convinced that] when you put zeal aside, history will recognise what these ministers achieved with their effort. Much will have to be done for our country, but I think that the path chosen was the correct one, and the perseverance and the dedication was necessary. A salute to Peru, to the youth of Peru, to the poor of Peru, to the authorities of Peru, and as a follower of Haya de La Torre all I wanted to do was make a government that gives bread with freedom. A salute to Peru, to its future and success."
Inauguration
Prior to his inauguration on 28 July, Humala's popularity fell in opinion polls after he suspended his brother Alexis Humala from Gana Peru following allegations of corruption in relation to deals with Gazprom. His approval rating of 70% fell to 41%."Peru's Humala falls in poll before inauguration" Reuters. Af.reuters.com (17 July 2011). Retrieved 28 July 2011.
For inauguration day itself Lima's main downtown square was scheduled to be open without security restrictions. Javier Sanguinetti, police chief for the Lima region, said that his office was working with the tourism police department and that 10,000 police officers would be deployed at popular tourist attractions around Lima on 28 and 29 July."Lima's main square to open to visitors during Humala inauguration" https://web.archive.org/web/20120328052410/http://www.perucanadatrade.com/index.php/projects-new/456-limas-main-square-to-open-to-visitors-during-humala-inauguration 28 March 2012 . Perucanadatrade.com. Retrieved 28 July 2011.
Former President Alan García was not scheduled to attend the event because, according to him, the inauguration "is to hear the new president's message" and that although he attended Alberto Fujimori's inauguration in 1990 "there was such unrest in congress, because of my presence, that I'd rather focus on my health, and say ‘Let the new president give his message freely, let's not vent our frustrations in front of foreign heads of state.'" His critics read this as a snub to Humala."Peru's García will not attend Humala's inauguration". Living in Peru. Retrieved 28 July 2011. However, foreign dignitaries such as Colombia's Juan Manuel Santos was scheduled to attend the event,Colombian president to attend CAN Summit, Humala's inauguration https://web.archive.org/web/20120319195053/http://www.andina.com.pe/Ingles/Noticia.aspx?id=J+RtcQN7wqE= 19 March 2012 . ANDINA (20 July 2011). Retrieved 28 July 2011. along with Brazil's Dilma Rousseff,Brazilian president to attend Humala's inauguration https://web.archive.org/web/20120319195314/http://www.andina.com.pe/Ingles/Noticia.aspx?id=F0dgngkR67k= 19 March 2012 . ANDINA. Retrieved 28 July 2011. Uruguay's José Mujica,Uruguayan president to attend Humala's inauguration https://web.archive.org/web/20120319195356/http://www.andina.com.pe/Ingles/Noticia.aspx?Id=G%2FHcvHbIIAs%3D 19 March 2012 . ANDINA. Retrieved 28 July 2011. Panama's Ricardo Martinellihttp://www.livinginperu.com/news-235-Heads-of-state-arrive-to-Peru-for-Humala-inauguration/ https://archive.today/20130128020150/http://www.livinginperu.com/news-235-Heads-of-state-arrive-to-Peru-for-Humala-inauguration/ dead 28 January 2013 Heads Of State Arrive To Peru For Humala Inauguration Livinginperu.com 29 July 2011 (and his wife First Lady Marta Linares de Martinelli),Don Winner http://www.panama-guide.com/article.php/20110727150743687 Martinelli Traveling To Peru To Attend Ollanta Humala's Inauguration Panama Guide 30 July 2011 https://web.archive.org/web/20110811115134/http://www.panama-guide.com/article.php/20110727150743687 11 August 2011 usurped Argentina's Cristina Fernández de Kirchner, Chile's Sebastián Piñera, Ecuador's Rafael Correa, Bolivia's Evo Morales, Guatemala's Álvaro Colom, Honduras’ Porfirio Lobo,Ollanta Humala Takes Presidential Helm in Peru https://web.archive.org/web/20111004183908/http://coa.counciloftheamericas.org/articles/3526/Ollanta_Humala_Takes_Presidential_Helm_in_Peru/ 4 October 2011 . Coa.counciloftheamericas.org (27 July 2011). Retrieved 31 July 2011. South Africa's Jacob ZumaZuma inauguration guest list – Politics | IOL News. IOL.co.za (27 April 2009). Retrieved 31 July 2011. and Georgia's Mikheil Saakashvili.President Saakashvili Attends Inauguration in Peru – Kanal PIK TV https://web.archive.org/web/20120324122324/http://pik.tv/en/news/story/15682-president-saakashvili-attends-inauguration-in-peru 24 March 2012 . Pik.tv. Retrieved 31 July 2011. They would also be joined by Cuban First Vice President Jose Ramon Machado Ventura and his delegation,Prensa Latina News Agency – Cuban Vice President to Attend Ollanta Humala Inauguration. Plenglish.com (1 January 1970). Retrieved 28 July 2011. Spain's crown prince Felipe, Prince of Asturias,Ollanta Humala inaugurated as Peru's president. Peruvian Times (22 February 1999). Retrieved 31 July 2011. Secretary-general of the Organization of American States Jose Miguel Insulza, the U.S. ambassador,http://blogs.voanews.com/breaking-news/2011/07/28/peru-swears-in-humala-as-president/ https://web.archive.org/web/20120315185607/http://blogs.voanews.com/breaking-news/2011/07/28/peru-swears-in-humala-as-president/ dead 15 March 2012 Peru Swears In Humala as President « VOA Breaking News Voice of America 20 August 2009 29 July 2011 the brother of South Korean President Lee Myung-bak, Lee Sang-deuk of the incumbent Grand National PartyNews » South Korean president's envoy to attend Humala inauguration. Living in Peru (19 July 2011). Retrieved 28 July 2011. and Chinese President Hu Jintao's special envoy Minister of Agriculture Han Changfu.Chinese envoy to attend Humala's inauguration https://web.archive.org/web/20120319195124/http://www.andina.com.pe/Ingles/Noticia.aspx?id=6sWUxpLivBE= 19 March 2012 . ANDINA (22 July 2011). Retrieved 28 July 2011.
Piñera, who was welcomed by outgoing Economics Minister Ismael Benavides after his arrival at 23:00 said: "From the core of my soul, I want to wish President Humala the best of luck, as well as to the Peruvian government and the Peruvian people." Santos, who was welcomed by outgoing Prime Minister Rosario Fernández, said that "We consider Peru a true strategic partner on many fronts. Every relationship can be strengthened, improved. The relationship with Peru has been extraordinary, but we're going to see how we can continue feeding it, strengthening it, improving it." Machado Ventura, who was welcomed by the outgoing Minister of the Interior Miguel Hidalgo, relayed greetings and said that Humala electoral victory was an "example of the continuing advance of progressive forces in Latin America;" he added that the proposed a "nationalist programme" would "promote greater equity in the distribution of the country's wealth and that Cuba wishes him success in this effort." His delegation also included Foreign Minister Bruno Rodríguez Parrilla, Deputy Foreign Minister Rogelio Sierra, the new Cuban ambassador to Peru Juana Martínez González and the outgoing Cuban ambassador Luis Delfín Pérez. The delegation was also invited Peru's commemoration of their 190 anniversary of independence.http://www.granma.cu/ingles/ouramerica-i/28jul-Machado-Ventura.html Machado Ventura arrives in Peru to attend Humala inauguration granma.cu 29 July 2011 dead https://web.archive.org/web/20111130084905/http://granma.cu/ingles/ouramerica-i/28jul-Machado-Ventura.html 30 November 2011 The outgoing President Alan García hosted a reception for the visiting heads of state and foreign dignitaries the night before the inauguration.http://www.peruthisweek.com/news-235-Heads-of-state-arrive-to-Peru-for-Humala-inauguration/ Heads of State Arrive To Peru For Humala Inauguration Peruthisweek.com 29 July 2011 https://web.archive.org/web/20120123151728/http://www.peruthisweek.com/news-235-Heads-of-state-arrive-to-Peru-for-Humala-inauguration/ 23 January 2012 dead Morales and Piñera also scheduled a bilateral meeting on the sidelines of the event.Ebergenyi, Ivan. (27 July 2011) Chile's president expected to meet with Evo Morales. Santiagotimes.cl. Retrieved 31 July 2011.
Garcia left the presidential palace after he passed on the presidential sash to Humala. Before wearing the sash, Humala also made a speech in which he promised "to fight for social integration, particularly of the poorest." He also said that he would not alter the existing market-oriented policies and would keep trade policies intact; he added that he provide a minimum pension for all Peruvians over the age of 65 and raise the minimum wage. "We want the term 'social exclusion' to disappear from our language and lives forever. Economic growth and social inclusion will march together." In tackling social conflict and drug trafficking he said that the United States is a "strategic partner." He also quoted South Africa's Nelson Mandela when he argued that there cannot be a democracy where misery and "social asymmetry" persist."http://english.aljazeera.net/news/americas/2011/07/201172994611161939.html Peru's new president: 'poor are my priority' – Americas Al Jazeera English 29 July 2011 However, he broke with tradition when he did not travel to Congress to attend the inauguration.Dan Collyns https://www.bbc.co.uk/news/world-latin-america-14321996 BBC News – Ollanta Humala is sworn in as new Peru president BBC 29 July 2011 28 July 2011 During the swearing-in ceremony he was shouted down by the "Fujimoristas" (supporters of Keiko Fujimori and her father Alberto) after he said that was taking power" in the spirit of the 1979 constitution: "The constitution of 1979, the last constitution of democratic origin, which many have not respected and that's why it has been forgotten, is for me a true inspiration for its national and democratic content."
Initial initiatives
On 25 August, the Congress gave its vote of confidence in approving the Council of Ministers after Prime Minister Salomon Lerner Ghitis spoke to the Congress by a vote of 90 in favour, zero against and 33 abstentations, all of whom were from Fuerza 2011.http://www.peruviantimes.com/26/congress-approves-humalas-first-cabinet-following-speech-by-lerner-ghitis/13500/#more-13500 Congress approves Humala's first cabinet following speech by Lerner Ghitis 26 August 2011 21 April 2016 Tejada expressed his satisfaction and gratitude at the recognition of the "technical support" for the government's programmes and goals. "We call on Peruvians to be confident that President Ollanta Humala is setting the beginning of a new phase of growth with social inclusion in the history of Peru, respecting human rights and freedom of speech."http://www.andina.com.pe/Ingles/Noticia.aspx?Id=80%2FI+aGGZ5I%3D Peru begins new phase in history: growth with social inclusion 3 May 2019 https://web.archive.org/web/20120319195454/http://www.andina.com.pe/Ingles/Noticia.aspx?Id=80%2FI+aGGZ5I%3D 19 March 2012 dead The initiatives were backed by the National Confederation of Private Business Associations (CONFIEP) as confirmed by President Humberto Speziani who said that "Overall we agree with all ten policies announced by the Cabinet, which is headed by Salomon Lerner. [Ghitis' goals are] "necessary to grow with social inclusion."http://www.andina.com.pe/Ingles/Noticia.aspx?Id=%2Fh2muxBY58M%3D Entrepreneurs back Peru's government policy announced by Cabinet 3 May 2019 https://web.archive.org/web/20120319195542/http://www.andina.com.pe/Ingles/Noticia.aspx?Id=%2Fh2muxBY58M%3D 19 March 2012 dead
One of Humala's first tasks amongst his promises for social inclusion was to start the implementation of a two-stage 25% increase in the monthly minimum wage to 750 sol and unveiling a pension increase for those older than 65.Latin American Herald Tribune – Peru Inaugurates Humala – Garcia and Constitution "No Shows" https://web.archive.org/web/20120610163709/http://www.laht.com/article.asp?ArticleId=411539&CategoryId=10718 10 June 2012 . Laht.com. Retrieved 31 July 2011.
Humala also sought to create a national flag carrier airline in cooperation with private investment, especially to such unprofitable domestic markets as the hinterlands of the Andes and the Amazon.http://blogs.ft.com/beyond-brics/2011/08/19/peru-an-airline-at-all-loss/#ixzz1W54VlVkB Peru: an airline at all losses Financial Times 21 April 2016
During the first month of Humala's presidency, an agreement was reached with mining companies that would increase taxes by up to three billion sols a year however, Carlos Herrera said a new royalty rate had not been set as yet. Prime Minister Salomon Lerner Ghitis said that "this tax will not affect investment or companies' competitiveness."https://af.reuters.com/article/commoditiesNews/idAFN1E77O0WQ20110825 https://web.archive.org/web/20120927072433/http://af.reuters.com/article/commoditiesNews/idAFN1E77O0WQ20110825 dead 27 September 2012 Reuters UPDATE 4-Peru gov't, miners reach deal to increase royalties 25 August 2011
Amongst his initial social policies, modeled after Brazil during the tenure of Lula da Silva, were: a non-contributory basic pension of about US$90 per month for the elderly who lack other provisions, a state-run child-care programme, an increase in scholarships for poor students who want a university education and the expansion of a conditional cash transfer scheme for the poor. However, he said that such programmes would be introduced gradually, hence, according to government officials, the cost for the following year would be a more moderate figure of US$275m.https://www.economist.com/the-americas/2011/08/06/the-brazilian-way The Economist The Brazilian way 6 August 2011
References
External links
Peru Politics
Candidates
Keiko Fujimori https://web.archive.org/web/20110412053443/http://www.fuerza2011.com/ 12 April 2011
Ollanta Humala
Alejandro Toledo
Pedro Pablo Kuczynski
Luis Castañeda Lossio
Rafael Belaúnde
José Ñique de la Puente
Juliana Reymer
Post-election
What next for Humala?
Category:Parliamentary elections in Peru
Peru
General
Category:Presidential elections in Peru
Peru
Peru