Humala Wins Peru’s Presidency

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With a narrow margin of victory, leftist candidate Ollanta Humala beat Keiko Fujimori, daughter of former President Alberto Fujimori, to become Peru’s next leader.

Peru’s stocks saw their biggest fall in 20 years following Humala’s victory, due to market concern over his left-wing nationalist leanings. During the campaign, however, he moderated his rhetoric, and stepped back from his friendship with Venezuela’s socialist President Hugo Chavez.

Humala has pledged to “strongly attack” drug production in his country, with bigger punishments for micro-traffickers, and more investment in alternative crops for coca growers.

Both Humala and Fujimori’s campaigns faced accusations of links to drug money, as InSight has reported.

Keiko Fujimori was criticized for her continued close political ties to her father, who is currently serving a 25 year sentence for corruption and human rights abuses.

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