Liberty Movement () was a

classical liberal Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics and civil liberties under the rule of law, with special emphasis on individual autonomy, limited government, eco ...

political party A political party is an organization that coordinates candidates to compete in a particular area's elections. It is common for the members of a party to hold similar ideas about politics, and parties may promote specific political ideology, ...

Peru Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pac ...

. It was founded in 1987 by people who opposed decrees such as the

nationalization Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with p ...

of the

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

sector in 1986 under the

first presidency of Alan García The first presidency of Alan García governing Peru was from 1985 to 1990. He regained the presidency in 2006 . Election On 14 April 1985, Alan García was elected President of Peru after winning the 1985 Peruvian general election securing 53. ...

, including

Mario Vargas Llosa Jorge Mario Pedro Vargas Llosa, 1st Marquess of Vargas Llosa (28 March 1936 – 13 April 2025) was a Peruvian novelist, journalist, essayist and politician. Vargas Llosa was one of the most significant Latin American novelists and essayists a ...

. Instead it advocated a

free market In economics, a free market is an economic market (economics), system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of ...

approach to solving Peru's

hyperinflation In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real versus nominal value (economics), real value of the local currency, as the prices of all goods increase. This causes people to minimiz ...

, which peaked at over 7000%.

Notable members

* Pedro Cateriano * Enrique Chirinos Soto * Enrique Ghersi *

Beatriz Merino Martha Beatriz Merino Lucero (born November 15, 1947) is a Peruvian lawyer, academic and politician who served as the first female Prime Minister of Peru, in 2003. She previously served as Senator and Congresswoman from 1990 until 2000. Followin ...

Luis Miró Quesada Garland Luis Jose Antonio Miró Quesada Garland (1914-1994) was a Peruvian architect, professor, essay writer, art critic and a promoter of modern architecture in Peru. He played an important part in the process of change in Lima, from a society rooted i ...

Rafael Rey Rafael Rey Rey (born February 26, 1954) is a Peruvian engineer, political commentator and politician who currently serves as member of the Central Reserve Bank of Peru Board of Directors since 2016. Throughout his political life, he served in t ...

* Miguel Vega Alvear * Ricardo Vega Llona

Electoral history

Presidential elections

Elections to the Congress of the Republic

Elections to the Senate

References

Bibliography

*Tauro del Pino, Alberto: ''Enciclopedia Ilustrada del Perú''. Tercera Edición. Tomo 11. MEN/OJE. Lima, PEISA, 2001. * Vargas Llosa, Mario: ''El pez en el agua''. Memorias. Editorial Seix Barral, S. A., 1993. {{Authority control 1987 establishments in Peru 1993 disestablishments in Peru Classical liberal parties Defunct liberal political parties Defunct political parties in Peru Liberal parties in Peru Liberal parties in South America Political parties disestablished in 1993 Political parties established in 1987