He promised a "great transformation", but judging
by his first days in office, Ollanta Humala not associated with a break with
free market policies that have made Peru the fastest growing economy in South
America. His cabinet is center-left moderate, and has said several times that
the change you wish to benefit 30% of Peruvians living in poverty, will be
gradual.
These are positive signs for the financial markets and
companies, who feared that the former military officer and an admirer of Hugo
Chavez leftist policies would impose. By contrast, Brazil seems to be emulating
a moderate social democracy. But what will succeed? Humala has announced a
series of social programs copied from Brazil, as a basic pension of $ 90 a
month for older adults, a child care program in the state, college scholarships
for the poor and a significant increase in the minimum wage for next year
(36%).
Humala's speech has changed. He no longer speaks to prohibit
the export of natural gas, but to give priority to the local market. While
talking about income taxes from mining, the minister speaks to respect existing
tax agreements. Old has retracted comments about abolishing the limit on years
of government.
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