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Trainstation in Mwanza

ECONOMY

President Ollanta Humala of the leftist Peruvian Nationalist Party will finish his five-year term in 2016. He has disappointed extremists on the left by governing moderately, and his administration has been plagued by allegations of corruption. Peru has benefitted from significant foreign investment in mining and manufacturing since liberal economic reform began in the 1990s. Humala did not reverse those reforms but also has not deepened liberalization. Less than 30 percent of Peruvians live below the poverty line, down from about 60 percent a decade ago, and economic growth has been well above the regional average. 

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