Abstract
Abstract A Consumer Coalition characterizes Peru. Labor and domestic Finance dominate the political landscape, while domestic Industry is relatively weak as a result of the economic crisis in the 1990s. Interviews reveal that both Labor and Finance prefer bilateral loans from Western governments. While Labor is less enthusiastic about private creditors than Finance, recent experiences with hyperinflation resulted in congruent preferences regarding this creditor as well. Qualitative evidence shows that Peruvian politicians are acutely aware of the need to satisfy the demands by local banks as well as the general population. Interviews suggest that politicians have much influence over the process of making borrowing decisions, allowing them to significantly shape the borrowing strategy. As a result, Peru relies more on bilateral loans from Western governments than its neighboring countries. It also uses private creditors, while loan offers by the Chinese government are rejected.
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