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Weekly Report - 06 August 2015 (WR-15-31)

Peru’s Humala faces complex final year in power

Peru’s President Ollanta Humala is entering the final year of his troubled tenure. When Humala took office on 28 July 2011 there was a visceral fear among the private sector and business community that he would abandon his conciliatory rhetoric, revert to his nationalist roots and set Peru on the path taken by Venezuela. Instead, Humala pursued an agenda of free trade and fiscal rectitude, shedding his leftist allies who stood aghast as he used his final state-of-the-nation address to congress four years later to lay claim to the legacy of Peru’s first great social reformer. Humala, whose political inexperience has been exposed in his dealings with congress, seldom gets credit for his achievements, especially against Sendero Luminoso (SL) and the illegal drug trade, but this is a big claim. The prospect of enhancing his ‘legacy’ is also bleak as the political opposition assumes control of the legislature.

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