AQ Podcast | Peru Election: The End of Stability?
Former Finance Minister Luis Miguel Castilla on Peru's contested vote, and whether the country's economic resilience can survive it.
For years, Peru has defied gravity. The country has had eight presidents in ten years—a virtual power vacuum at the top of government—and yet the economy kept growing, the currency held strong, and the mining sector kept producing. That decoupling of politics and economics has kept Peru relatively stable and has prompted many in the private sector to argue that politics doesn't really matter. But a first-round election marred by widespread logistical failures, fraud allegations, and a razor-thin race for second place—between leftist Roberto Sánchez, a former minister of the...
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