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Peru slates 'needless' arms spending in Latin America

MADRID, May 19 (UPI) -- Peruvian President Alan Garcia took his peers in Latin American leadership to task for swearing by friendship and then carrying on spending billions on weapons purchases.

Peru resumes oil auction amid optimism

LIMA, May 17 (UPI) -- Peru returned to oil auctions in a strong signal to the market it would seek to clean up the scandal-ridden national hydrocarbons industry.

Chile wants transparency in Latin American arms buying

SANTIAGO, Chile, May 14 (UPI) -- Chile wants all Latin American countries to be as transparent as it considers itself to be to remove the specter of a developing arms race on the continent, senior officials said.
Lookin At Lucky made derby favorite

Lookin At Lucky made derby favorite

LOUISVILLE, Ky., April 28 (UPI) -- Lookin at Lucky and Sidney's Candy, two of the likely favorites, drew post positions No. 1 and No. 20, respectively, for Saturday's Kentucky Derby.

Argentina seeks new alliances over Falklands

BUENOS AIRES, March 24 (UPI) -- Argentina is seeking new alliances to broaden support for its grievance against Britain over the Falklands oil exploration and, if possible, extend the campaign to reviving its sovereignty claim over the islands.

Peru arms buying shows Chinese inroads into S. America

LIMA, Dec. 11 (UPI) -- Peruvian arms buying in China for undisclosed amounts but on favorable credit terms has confirmed analysts' assessment that China has joined a lineup of arms manufacturers seeking new markets in Latin America.
Chile denies Peru claims of spying

Chile denies Peru claims of spying

SANTIAGO, Chile, Nov. 17 (UPI) -- The Chilean government, after talking with its ambassador to Peru, has reiterated its denial of spying on its South American neighbor.

Peruvian accused of spying for Chile

SINGAPORE, Nov. 15 (UPI) -- Chilean officials have denied allegations a Peruvian air force officer acted as a spy for the Chilean government.

S. American arms manufacturers unfazed by Latin arms row

RIO DE JANEIRO, Nov. 11 (UPI) -- Visiting Peruvian Minister of Transport and Communications Enrique Cornejo Tuesday conveyed his country's proposal for a regional pact aimed at cutting armaments among the members of the Union of South American Nations.

Chile vows and calls for transparency in arms purchases

SANTIAGO, Chile, Oct. 7 (UPI) -- Chile is compiling a list of all its military purchases for publication and expects neighboring countries to demonstrate similar transparency in their weapons acquisitions programs, Foreign Minister Mariano Fernandez announced in apparent response to charges his country is fueling an arms race in Latin America.

Brazil, Peru mull new hydroelectric ventures

RIO DE JANEIRO, Aug. 11 (UPI) -- Brazil and Peru are considering five new hydroelectric power generation plants with an investment outlay of more than $15 billion that may eventually form part of a network of 15 plants in Peru's Amazonian region.

Peruvian president overhauls Cabinet

LIMA, July 12 (UPI) -- Peruvian President Alan Garcia has replaced much of his Cabinet after a month of political violence in which at least 33 people were killed, officials said.

Aid worker describes violent Peru clash

BAGUA GRANDE, Peru, June 19 (UPI) -- Belgian aid worker Marijke Deleu alleges she witnessed first-hand armed police abusing and shooting protesters during a recent Peru demonstration.

Peru, Bolivia clash over Amazon land laws

LIMA, June 19 (UPI) -- Deadly clashes over Peruvian Amazon land rights sparked an acrimonious row between the government in Lima and President Evo Morales in neighboring Bolivia this week, dragging their relationship to new lows.

Peru suspends plans to exploit Amazon

LIMA, June 15 (UPI) -- Facing crisis after dozens of people were killed in clashes, Peru's Congress has suspended for three months plans to open large swathes of the Peruvian Amazon to foreign investment.
Page 3 of 8
Photos
Alan Garcia
U.S. President Barack Obama (R) meets with President Alan Garcia of Peru in the Oval Office of the White House in Washington on June 1, 2010. UPI/Dennis Brack/Pool
Wiki

Alan Gabriel Ludwig García Pérez (Spanish pronunciation: ; born 23 May 1949) was the President of Peru, having won the 2006 elections on 4 June 2006 in a run-off against Union for Peru candidate Ollanta Humala. He is the leader of the APRA and the only party member ever to have served as President of Peru. He served a first term as President from 1985 to 1990. His first term was marked by a severe economic crisis, social unrest and violence. He ran unsuccessfully for the Presidency in 2001, losing in a run-off to Alejandro Toledo. During his second term Peru averaged seven percent GDP growth a year, held inflation below three percent annually and collated Peru's foreign exchange reserves at US$47 billion; however his tenureship also resulted in increased environment damage according to critics and increased social conflict, according to the national human rights ombudsman's office.

García won the elections on April 14, 1985 with 45% of the votes. Since he did not receive the 50% of the votes required to win the presidency, García had to enter a run-off against Alfonso Barrantes (the leftist former mayor of Lima) of the United Left party. Barrantes, however, retired and decided not to enter the run-off, saying he did not want to prolong the political uncertainty of the country. García was thus declared president on June 1 and officially took power on July 28, 1985. For the first time in its sixty-year history, the APRA party came to power in Peru. Aged only 36, García was dubbed "Latin America's Kennedy," becoming the region's youngest president at the time, and the second youngest president in Peruvian history (the youngest was Juan Crisostomo Torrico in 1842, aged 34).

Despite his initial popularity among Peruvian voters, García's term in office was marked by bouts of hyperinflation, which reached 7,649% in 1990 and had a cumulative total of 2,200,200% over the five years, thereby profoundly destabilising the Peruvian economy. Owing to such chronic inflation, the Peruvian currency, the sol, was replaced by the Inti in mid-1985, which itself was replaced by the nuevo sol ("new sun") in July 1991, at which time the new sol had a cumulative value of one billion (1,000,000,000) old soles. During García's administration, the per capita annual income of Peruvians fell to $720 (below the level of 1960) and Peru's GDP dropped 20%. By the end of his term, national reserves were negative $900 million.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Alan Garcia."
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