Politics always proves to be a potential roadblock.
This from The Embassy of Peru in Beijing
In Peru, the consequences of October’s local elections have made the result of the approaching presidential and congressional elections even more difficult to call, as none of the main political parties performed well. While local and left-wing candidates dominated in the local elections, our core vision remnants for a centre-right candidate to succeed Garcia as president in April 2011.
This suggests broad continuity of the current business-friendly policy mix, which bodes well for investors and for Peru’s economic growth trajectory over the coming years. Nevertheless, continuing social unrest continues to weigh on Peru’s political risk profile and is a potential concern for international investors, particularly as much of the unrest is related with protests against mining projects and other industrial developments in rural and tribal regions.
reference article below:
