Political Risk Latin America Blog @PolRiskLatam

Former Peru president to run for top job again

Posted in News and Articles, Political Risk by politicalrisklatam on November 11, 2010

by Naomi Mapstone for Financial Times, November 11th, 2010.

Alejandro Toledo, the former Peruvian president who lead opposition to the now-jailed president Alberto Fujimori, has declared his candidacy for April’s presidential elections. Mr Toledo, a former shoe shine boy who went on to gain a PhD in Economics from Stanford University in the US, has promised he will do a better job of spreading the wealth being generated from Peru’s commodities-led economy.

“I will run for the presidency again to build a better life with more stable prices, decent jobs and better pay for all Peruvians, particularly the underprivileged and excluded,” he said. Poverty in Peru fell from 48.6 per cent to 34.8 per cent according to government statistics, and extreme poverty from 17.1 per cent to 11.5 per cent.

Even though Mr Toledo held off confirming his candidacy until Wednesday, few Peruvians were surprised by the announcement. The former president has consistently appeared among the top four candidates for several months. A poll published by Datum International this week put Mr Toledo third with 16 per cent support, behind former mayor of Lima Luis Castañeda, with 26 per cent, and Keiko Fujimori, daughter of former president Fujimori, with 24 per cent. (continue reading… )




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