Tuesday, 02 January 2024 12:17 GMT

José Jerí's Gamble: Can Peru's New President End The Chaos And Restore Stability?


(MENAFN- The Rio Times) Peru is attempting a comeback. After years of political chaos, economic stagnation, and rising crime, President José Jerí is betting on discipline, security, and transparency to restore order.

His plan is simple: grow the economy, crush criminal networks, and ensure a fair election in 2026.

The question is whether it's enough-or if Peru's cycle of instability will continue. Jerí took office in October 2025 after Congress ousted Dina Boluarte for "moral incapacity."

His mandate is clear: fix what's broken. The economy is projected to grow 3.5% this year, but the real focus is fiscal discipline, with a target deficit of 2.2% of GDP.

His "shock of debureaucratization" is even bolder-a sweeping effort to cut red tape and unblock billions in stalled investments.

For businesses, the message is straightforward: Peru is open, but only if you follow the rules.


José Jerí's Gamble: Can Peru's New President End the Chaos and Restore Stability?
Security is the other urgent priority. Lima and Calla, once vibrant, now face extortion and violent crime. Jerí's response?

A state of emergency, $1.8 billion for policing, and a crackdown on gangs. It's a tough approach, but after years of rising lawlessness, many Peruvians are relieved to see action.

The biggest test, however, is political. Peru's April 2026 election must be free and fair-no fraud, no disputes. Jerí is working closely with electoral authorities to avoid another crisis.

For a country that has seen six presidents in six years, a smooth election would be a rare win.

Behind the headlines, this is a story about consequences. Peru's recent troubles didn't emerge overnight.

Years of political experimentation, weak leadership, and divisive policies left the country fractured.

Jerí's focus on stability, security, and fiscal responsibility marks a sharp break from that past.

For expats, investors, and observers, the stakes are clear: if he succeeds, Peru could reclaim its reputation as a stable, prosperous nation.

If he fails, the chaos will return. Peru's success or failure under Jerí will send a signal far beyond its borders: that pragmatism, not populism, is the path out of crisis.

For a country that has seen enough turmoil, this might be the last chance to get it right.

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The Rio Times

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