First Government of Alan García
| Alan García Pérez | |
|---|---|
| 44th President of Peru | |
|
In office 28 July 1985 – 28 July 1990 |
|
| Preceded by | Fernando Belaúnde Terry |
| Succeeded by | Alberto Fujimori |
| Personal details | |
| Born |
23 May 1949 Lima, Peru |
| Political party | Peruvian Aprista Party |
| Religion | Roman Catholic |
The first presidency of Alan García occurred from 1985 to 1990. García regained the presidency in 2006 (see second presidency of Alan García).
Alan Garcia was elected President of Peru after winning the Peruvian general election, 1985 with great support from the people because of his youth, his great gifts of oratory and his radicalism very fashionable then.
The change of command ceremony was attended by the presidents Raul Alfonsin of Argentina, Julio Maria Sanguinetti of Uruguay, Belisario Betancourt of Colombia, Hernan Siles of Bolivia, Nicolás Ardito Barletta of Panama, and Salvador Jorge Blanco of Dominican Republic, also was present James Baker, United States Secretary of Treasury.
The first week of October 1985, the journal Newsweek called him the most important political star to emerge in Latin America since Juan Domingo Perón. In December, the magazine placed Garcia among the ten most outstanding personalities in the world.
At first, the measures taken were positive. Already in September 1985, inflation fell to 3.5% (compared with 12.5% in April of that year). By the second quarter of 1986, the economy showed clear signs of recovery. The sectors that relied on domestic demand (manufacturing, construction, agriculture) grew, but not those engaged in the export sectors (mining, fishing). In 1986, the economy grew 10%. It was the biggest increase since the 50's, with it then Garcia enjoyed record popularity throughout Latin America. When the spending power of the state was exhausted then began multiple problems.
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Wikipedia