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Peruvian ruling party nominates woman candidate for presidential election

Wednesday, November 3rd 2010 - 23:55 UTC
Full article 9 comments
Former Finance and Tourism minister Mercedes Araoz Former Finance and Tourism minister Mercedes Araoz

Peru’s former Finance Minister Mercedes Araoz said she will run for president next year as a candidate for President Alan Garcia’s Apra party. The independent candidate was proclaimed this week as presidential candidate by Apra’s Executive Committee and thus joins the growing rank of women presidents and candidates in the region.

“One must seek a balance between economic coherence and public policies to make sure more people enjoy the benefits of that growth” Araoz said Wednesday in an interview on Radioprogramas. “I’ve always been in the center, where one doesn’t believe the market can solve everything and where there’s proper state intervention”.

Araoz thanked publicly the “honor” of having been nominated Apra’s candidate and admitted it was not an easy decision, but finally she accepted because as an independent “I can bring new, fresh ideas to the electoral campaign and attract non-party voters”.

The former minister said she would toil for “a middle classes country” which must be achieved “not by taking from some to give to others, but rather creating wealth and then redistributing”.

Peruvian presidential elections are scheduled for next April.

Former Prime minister Javier Velásquez Quesquén, also considered a presidential hopeful said that the nomination of Aráoz means a “change of strategy for the ruling Apra party: from a militant candidate to an independent candidate”

Araoz, 49, who holds a Master’s in economics from the University of Miami, resigned in September after spending four years in Garcia’s Cabinet, leading the trade and production ministries. During her eight-month tenure as Finance minister, Araoz managed a 3 billion US dollars fiscal stimulus package that put South America’s sixth-biggest economy on course to expand as much as 8% this year, according to the central bank.

Standard & Poor’s in August revised its outlook on Peru’s foreign currency rating to positive from stable after Araoz sold 334 million of Sol-denominated February 2042 bonds to help finance a 415 million buyback. S&P also affirmed Peru’s BBB- long-term foreign currency and BBB+ long-term local currency sovereign ratings.

Categories: Politics, Latin America.

Top Comments

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  • Fido Dido

    “not by taking from some to give to others, but rather creating wealth and then redistributing”.

    Wow, she's hot and smart. She will win.

    Nov 04th, 2010 - 12:33 am 0
  • Think

    Ay Ay Ay Mr Fido Dido.......

    Sometimes your comments are sooooo..... I don't know what to call them:-)

    I really wonder why you care to comment about South Americaa politics when your info about us seems to be based on a picture of an “Hot Lady” in MercoPress…….

    If you knew something about the current political situation in Peru, you would know that the APRA chances to win the next election in Perú are as high as the “Nieuwe Communistische Partij” wining the next elections in the Netherlands………..

    Nov 04th, 2010 - 09:38 am 0
  • Forgetit87

    “not by taking from some to give to others, but rather creating wealth and then redistributing”

    Reminds me of Delfim Netto. “First increase the cake and then divide it,” he said. Didn't work.

    Nov 04th, 2010 - 05:36 pm 0
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