First Presidency of Fernando Belaúnde
| Fernando Belaúnde Terry | |
|---|---|
 |
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| 42nd President of Peru | |
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In office 28 July 1963 – 3 October 1968 |
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| Preceded by | Manuel Prado Ugarteche |
| Succeeded by | Juan Velasco Alvarado (President of the Revolutionary Government of the Armed Forces) |
| Personal details | |
| Born |
October 7, 1912 Lima, Peru |
| Died | June 4, 2002 (aged 89) Lima, Peru |
| Political party | Popular Action (Peru) |
| Religion | Roman Catholic |
The first term of Fernando Belaúnde Terry started July 28, 1963 and culminated in the coup Juan Velasco Alvarado on October 3, 1968.
The presidency started on July 28, 1963. At Belaúnde's inauguration in the Legislative Palace, the President of the Senate, Julio de la Piedra gave him the presidential sash, followed by, the first vice president Edgardo Seoane's oath. The ceremony was attended by representatives of 41 states, among them being the Minister of Information and Tourism of Spain, Manuel Fraga. He gave an address to the nation, which announced government measures such as holding election councilors to make direct democracy for Peru. He also announced a housing plan to meet thousands of Peruvians homeless and also as an engine of development of the economy. Another important announcement was the start of a road traffic plan that would give birth to the Marginal Highway.
During his tenure there were some peasant uprisings and guerrilla outbreaks in Andean areas affected by poverty and oppression of the landlords and quickly suppressed with the help of the army. Also during the early years of his administration, it experienced a period of remarkable economic boom, which was reflected in the performance of a number of large infrastructure projects designed to improve the existing left by his predecessors Manuel A. Odría and Manuel Prado Ugarteche, but financed mainly on foreign loans.
Upon assuming the presidency, Belaúnde offered to solve the problem of La Brea and Pariñas in 90 days. This was an embarrassing lawsuit for the nation and unresolved several decades, was that the American International Petroleum Company, that had been illegally exploiting the oilfields of La Brea and Pariñas, located in the north of Peru, without providing the amount owed to the Treasury, which had been accumulating over the years.
Belaúnde sent Congress a bill to declare null the Agreement and Award Paris Convention (signed in time Augusto B. Leguia and favoring IPC) and requested that the fields of La Brea and Pariñas pass to Power of Attorney Oil Company (government agency). Congress gave the Law No. 14,696, which declared invalid the Award, but did not rule on the second point. The Executive Branch enacted the law on November 4, 1963, is hereby authorized to seek a solution to the old problem.
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