Ollanta Humala convinced a bare majority of voters that Peru’s booming economy would be safe with him as president. Now he must calm nervous investors, starting with his choices for finance minister and the rest of his cabinet.
Ollanta Humala campaigned for Peru’s presidency in 2006 wearing red T-shirts and expressing admiration for Venezuelan socialist leader Hugo Chavez . This year, he’s donning business suits and vowing to expand ties with investor-favorite Brazil.
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 integration of stock trading in Peru, Colombia and Chile was done “too quickly” and Peru’s President-elect Ollanta Humala may renegotiate parts of the arrangement if benefits aren’t fairly shared, economic adviser Kurt Burneo said.