Peru's Garcia leaves conflicts unresolved

[Bacchus39]

http://news.yahoo.com/perus-garcia-leaves-conflicts-unresolved-092605988.html


----------------------
Garcia leaves Peru in much better shape as he ends his second term on Thursday. Economic growth averaged 7 percent a year during his 2006-2011 administration, inflation held at less than 3 percent annually and the government amassed $47 billion in foreign reserves.
-----------------------------


While the guerrilla war was largely over when Garcia returned to office, social conflicts in which authorities had to intervene nearly tripled on his watch. Critics claimed his pro-business policies often ignored Peru's native peoples and damaged the environment.

------------------
A strident leftist as president in the 1980s, Garcia gained global fame then for declaring a moratorium on Peru's foreign debt payments. In his second term, he reinvented himself as a free-market disciple, wooing foreign investment.

He encouraged a boom in the mining sector, which accounts for more than 60 percent of Peru's exports, and the country became the envy of its neighbors. Its poverty rate dropped from 48 percent to 31 percent during Garcia's tenure.