|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Peru

Peru’s Emerging Middle Class Wary Ahead of Presidential Vote

LIMA – Many of the 23 million Peruvians eligible to vote in the weekend presidential runoff are people who only recently climbed out of poverty and feel increasingly anxious about their economic situation amid flagging growth in the Andean nation.

Peru’s economy grew at an average annual clip of 6 percent in the years 2005-2014, reducing the proportion of the population living below the poverty line from 48.7 percent to 22.7 percent.

Even so, 40 percent of the country’s 30 million people remain on an “economic tightrope” and 12 million are at risk of sliding back into poverty, an expert with international charity Oxfam told EFE.

Armando Mendoza, author of a study on inequality in Peru, said that job loss or a serious illness would push many members of Peru’s “emerging middle class” back into the ranks of the poor.

Moreover, the Oxfam specialist said, more than 3 million Peruvians whose incomes put them above the poverty line still lack running water and electricity.

Villa El Salvador, Lima’s poorest district, includes pockets of concentrated poverty such as Lomo de Corvina, a towering sand dune near a cement factory.

Resident Ana Maria Sulca told EFE that 11 years after settling the area, she lacks access to running water and depends on a neighbor to provide her with electricity via a makeshift connection.

Sunday’s runoff pits 41-year-old Keiko Fujimori against Pedro Pablo Kuczynski, 77.

Representing rival factions of the Peruvian right, the pair finished first and second in the first round of voting on April 10.

The final pre-election poll shows the daughter of imprisoned former President Alberto Fujimori with a lead of 53.1 percent to 46.9 percent over the former economy minister.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved