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Monday, 4 June, 2001, 11:26 GMT 12:26 UK
Analysis: No honeymoon for Toledo
![]() Toledo's slim majority means he will have to build consensus
By Claire Marshall in Lima
As Alejandro Toledo prepares to assume the reins of power when he is formally made president on 28 July, a formidable challenge faces him as future leader.
Such a close election result means that Mr Toledo will be forced to forge alliances outside his own party, Peru Posible. In his concession speech, Alan Garcia pledged to assist the next government. 'Flawless election' In a hint that he will stand again for the Presidency in 2006, Mr Garcia said that the strength of support for his candidacy has energised his APRA party. A vital step on Peru's road to full democratic recovery has been the certification of these elections as free and fair. The head of the Organisation of American States observer delegation, Eduardo Stein, said that the election was "flawless".
According to political analyst, Francisco Sagasti: "Whoever wins it's essential that he behaves like a president, as there won't be a honeymoon for this government." He said the honeymoon period has been used up by the interim president, Valentin Paniagua, who took office last November after Alberto Fujimori was sacked by Congress for "moral unfitness". Public distrust Mr Toledo's management of the economy will be closely watched by international investors. His experience as an American-trained economist with World Bank credentials is likely to calm the international markets.
With only a slim margin of victory, Mr Toledo will have to work hard to overcome public distrust. Public confidence in politicians is at an all-time low. With allegations of drug abuse and sexual misconduct having been raised during the campaign, the job of the president-elect will be doubly hard.
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