Peruvians will be going to the polls to elect their next President on April 11. The latest polling reveals that there is no clear winner in the race among the candidates that represent myriad ideologies along the political spectrum. While left-leaning candidate Veronika Mendoza is running on a platform of tax hikes for the rich and increased government regulations, far-right conservative businessman Rafael Lopez Aliaga promises to aggressively attract foreign investments.
In the event that Peru’s electorate places Aliaga in power, he will have an uphill battle in convincing foreign multinationals to invest in -or trade with- this Andean nation. Three primary components of the investment climate in Peru comprise the primary obstacles to injecting foreign dollars into the local economy: endemic corruption, a deeply divided and skeptical electorate, and the government’s sub-par response to COVID-19.
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