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Peru's Humala to chart his own course

Wednesday, June 08, 2011 - 02:01

June 8 - Peru's President-elect Ollanta Humala keeps investors and critics guessing, while seeking to reassure his critics. Deborah Lutterbeck reports.

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Left-wing former army commander Ollanta Humala won a tight race in Peru's presidential election, vowing that the poor would share in the country's new wealth and making financial markets nervous. In an interview with Reuters Tuesday the President elect said he would not follow the path of his one time mentor Venezuelan President Hugo Chavez. SOUNDBITE: President elect of Peru Ollanta Humala Unidentified man, saying (Spanish): "The Peruvian people have given us their trust and you see our measures. We think the path for Peru is its own road, without copying other countries." Peru's financial markets took a dip on news of his election, but soon recovered. SOUNDBITE: President elect of Peru Ollanta Humala Unidentified man, saying (Spanish): "The fall of the stock market has been a bad patch. But today it has recovered more than seven points and this shows that the Peruvian economy is solid. It has had economic growth for eight years at a rhythm of between 7 and 8 percent so this is solid and it allows us to look ahead with tranquility and know that the bad patch of the markets was only a bad patch," Investors are on edge, waiting to see who will be appointed as finance minister and central bank chief to run one of the world's fastest-growing economies SOUNDBITE: President elect of Peru Ollanta Humala Unidentified man, saying (Spanish): "We are not going to fill our ministries with party supporters. We are going to look for the best people, independents, technocrats, for the different ministerial positions." Humala says he wants to strengthen relations with Peru's South American neighbors, especially Brazil, as well as work closely with the United States. Deborah Lutterbeck, Reuters

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Peru's Humala to chart his own course

Wednesday, June 08, 2011 - 02:01