Man of the year: Seize the moment

Man of the year: Seize the moment

Economy & Policy Corporate & Sovereign Strategy

By Taimur Ahmad and Lucien ChauvinThe day after Ollanta Humala was elected Peru’s president in 2011, the local bourse suffered the worst single day in its history, plummeting 12.5% before trading was suspended. The left-wing ex-soldier had narrowly beaten Keiko Fujimori, a right-wing populist congresswoman and daughter of a jailed former president, to become Peru’s head of state. Peruvian Nobel laureate Mario Vargas Llosa famously likened the runoff to a choice between terminal cancer and AIDS. It wasn’t just financial markets that reacted badly to Humala’s election. Large swathes of the public took fright – as did foreign and domestic companies, the lifeblood of Peru’s open economy. The fea

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