APRA


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APRA

(ä`prä) or the Alianza Popular Revolucionaria Americana, reformist political party in Peru, also called the Partido Aprista. Founded (1924) by Victor Raúl Haya de la TorreHaya de la Torre, Víctor Raúl
, 1895–1979, Peruvian political leader, founder of the APRA party. Although he never held power and spent much of his political life in exile or in prison, he had great influence on contemporary hemispheric politics.
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 while in exile, the party's activities in Perú were led by José Carlos MariáteguiMariátegui, José Carlos
, 1895–1930, Peruvian writer and political leader. Of a poor family, he was a tubercular from childhood but rose to prominence as a self-taught journalist. He studied in Europe and became a confirmed Marxist.
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 until 1927, when he left to found the Socialist party. Haya de la Torre returned to Peru in 1931 and continued his work with the Apristas. The party advocated social reform, the emancipation of indigenous peoples, improvement of agrarian conditions, and the socialization of some industries. Originally committed to revolutionary change, the party gradually became less radical. Implicated in acts of political terror, the Apristas were outlawed from 1931 to 1945. While underground, the Apristas engaged in continual gun battles with the military, thus creating an enduring enmity between the two groups. In 1945 the party was legalized, and joined in a coalition government under José Luis Bustamente. In 1948, an abortive revolt of dissident Apristas in the port city of Callao brought the country to the verge of civil war, sparking a coup by General Manuel OdríaOdría, Manuel
, 1897–1974, president of Peru (1948–56). A conservative general, he became army chief of staff in 1946 and seized power (1948) after leading an anti-APRA coup that forced Víctor Raúl Haya de la Torre to seek asylum.
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; APRA was again outlawed. The party was legalized (1956) when Manuel Prado, a conservative, was elected president with its support. In the 1962 presidential election, Haya de la Torre won a slight plurality. The military, ever distrustful of the party, immediately intervened to prevent Haya from taking office. They withdrew the following year and APRA again resumed activities. In 1968, a group of left wing officers, led by Gen. Juan Velasco AlvaradoVelasco Alvarado, Juan
, 1910–77, president of Peru (1968–75). Born of working class parents, he entered the army (1929) and rose to the rank of general. As army commander in chief, he led (1968) the junta that deposed President Belaúnde Terry after his
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, seized power and outlawed all political parties, including the Apristas. Haya de la Torre died in 1979, one year before democracy was restored. APRA finally gained power in 1985 following the electoral victory of Aprista leader Alan García. García's government, though beginning with great promise, became mired in scandal, economic crisis, and its failure to confront the growing political violence caused by guerrillas and drug traffickers. The Aprista candidate lost the 1990 elections to a political unknown, Alberto FujimoriFujimori, Alberto
, 1938–, president of Peru (1990–2000), b. Lima, Peru. The son of Japanese immigrants, he was educated in Peru and attended Univ. of Wisconsin. Fujimori was an unknown economist when he scored an upset in the 1990 presidential elections.
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. Following Fujimori's suspension of the constitution and the dissolution of congress, the party boycotted the 1992 elections for a new constituent assembly. The party did participate in the 1995 elections but won only a few seats in the congress. Former president García was again the party's presidential candidate in 2001, when he lost, and 2006, when he won.
References in periodicals archive ?
higher risk mortgage lending for example, high loan-to-income loans, high loan-to-valuation (LVR) loans, interest-only loans to owner occupiers, and loans with very long terms; strong growth in lending to property investors portfolio growth materially above a threshold of 10 per cent will be an important risk indicator for APRA supervisors in considering the need for further action; loan affordability tests for new borrowers in APRA s view, these should incorporate an interest rate buffer of at least 2 per cent above the loan product rate, and a floor lending rate of at least 7 per cent, when assessing borrowers ability to service their loans.
NAB offered assurance that its capital position will be able to meet the new requirements from APRA.
APRA has no objection to the establishment of the proposed representative office.
After the election of Garcia in 1985, the first time APRA had won the presidency, Victor Polay Campos said he would give him a year to fulfill the promises to the poor of the party.
It will be important to keep that focus as we work with APRA on adjustments to risk weighting from the Basel review of variability and from FSI recommendations.
He pointed out that the new round of stress test was tougher than the one administered by APRA in 2010 and that the result is not a forecast.
The discussion paper aims at empowering the APRA, and at the same time reducing the red tape associated with the regulatory powers by simplifying terminology across the acts.
APRA Award Number of Shares Total Shares Sold to Discharge Released to Exercisable Tax Liability Certificate PDMRs Mark King 14,135 7,209 6,926 Antony Wood 8,670 4,422 4,248
com follows a successful three-month pilot in which Unibex worked closely with the APRA and many of its member companies to tailor the remanufacturing business hub to industry needs.
Prior to submission, this bill was co-signed by 36 of the 120 members of Congress, including members of the APRA, National Unity, FIM, and Peru Posible parties.
According to a paper released by the APRA, the regulator has identified five potential areas for systemic risk: risk appetite, executive pay and credit standards in housing lending.
Acer Peripherals America enlisted the APRA as a tool to better communicate the latest product updates and promotions to its valued reseller partners.