January 12, 2018 |
Fund managers will exercise a higher degree of caution towards investment in Peru, as the country tackles fresh political tensions.
President Pedro Pablo Kuczynski's (PPK) pardoning of former leader Alberto Fujimori only days after PPK narrowly passed an impeachment vote generated public protests. The President's actions have sowed mistrust among Peruvians after he campaigned strongly against pardoning Fujimori.
According to Laura Sharkey, a principal analyst at Control Risks, PPK's pardoning of
Political tensions raise governance standards for the Andean nation, but improving commodity prices aid the government's agenda