Summary: Even though economic conditions in Latin America remain fragile, the new Peruvian government, which takes office on July 28, 2016, will inherit an economy with a solid foundation. Over the last five years, and despite a downward trend in metal prices, sizable fiscal and monetary buffers have been built and carefully managed, Peru’s investment grade rating has been consolidated, economic diversification fostered, private investment crowded in through partnerships in infrastructure projects, and reforms initiated in civil service, education, and health care. Targeted social assistance programs also went a long way in reducing poverty further.

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