The race to be Peru’s next president has narrowed to a supporter of greater state control over the economy who once led an army uprising and the daughter of a former leader imprisoned for human-rights abuses.
The race to succeed President Alan Garcia of Peru, a country where one-third of the populace lives in poverty, may be decided in up-and-coming neighborhoods such as Independencia where children of peasants who fled the countryside now work and shop at the nation’s biggest mall.
Peru’s Supreme Court didn’t violate the constitution when it sentenced former President Alberto Fujimori to 25 years in prison for directing a government death squad, the Constitutional Tribunal, the nation’s highest court, said today in an e-mailed statement.
Peruvian stocks, bonds and the currency fell, and the country’s relative borrowing costs climbed to the highest since July, after former Peruvian military rebel Ollanta Humala opened a six-point lead in a presidential poll before a June 5 runoff vote.
Peru’s benchmark stock index jumped the most in more than two years, erasing yesterday’s decline, after polls showed former army renegade Ollanta Humala hasn’t taken a lead over Congresswoman Keiko Fujimori in opinion polls before this weekend’s presidential runoff.