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Peru Postpones Privatization Program Until After General Elections

LADB Article ID: 56225
Category/Department: Peru
Date: 1995-03-09
By: LADB Staff

Since the end of 1994, President Alberto Fujimori's administration has sold three more large- and medium-sized firms, plus nearly two dozen small hotels around the country, to private investors, earning a total of about US$243 million. All new privatizations, however, have now been suspended until after the upcoming general elections, since doubts about whether President Fujimori will be reelected and thus uncertainty over future economic policies in Peru tend to depress the price offered by investors who bid on state firms

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