Keiko Fujimori has been officially declared the winner of Peru's presidential race, securing 50.135% of the vote against leftist Roberto Sanchez, who garnered 49.865%. This election, characterized by a razor-thin margin of approximately 50,000 votes out of 18 million cast, underscores the deep political divisions in Peru.
Fujimori's victory is seen as a continuation of the rightward shift in Latin American politics, with notable support from conservative leaders across the region.
Markets reacted positively to her win, as Moody's indicated that her administration could maintain policy continuity and enhance investor confidence, particularly in the mining sector, which is vital for Peru's economy as the world's third-largest copper producer.
Fujimori, the daughter of former President Alberto Fujimori, faces the challenge of uniting a fragmented Congress and addressing the economic disparities between urban and rural areas. Her administration will also need to navigate the legacy of her father's controversial rule and the political instability that has plagued Peru in recent years