One year on, has Peru’s Humala lost his way?

Ollanta Humala’s first year as Peru’s president has been a bittersweet one. While markets have warmed to the ex-army officer’s emergence as a pragmatic centrist, his poor rural support base appears to be rapidly losing faith. We are cautiously optimistic that Humala has what it takes to pull through this crisis and see Peru as one of the region’s best medium-term growth prospects.

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