Liberty Movement

Liberty Movement (Spanish: Movimiento Libertad) was a classical liberal political party in Peru. It was founded in 1987 by people who opposed decrees such as the nationalization of the banking sector in 1986 under the first presidency of Alan García, including Mario Vargas Llosa.^[1] Instead it advocated a free market approach to solving Peru's hyperinflation, which peaked at over 7000%.

Liberty Movement Movimiento de la Libertad
Abbreviation	ML
Founded	2 August 1987
Dissolved	6 September 1993
Ideology	Classical liberalism
Political position	Centre-right
National affiliation	FREDEMO
Politics of Peru Political parties Elections

Notable members

• Pedro Cateriano
• Enrique Chirinos Soto
• Enrique Ghersi
• Beatriz Merino
• Luis Miró Quesada Garland
• Rafael Rey
• Mario Vargas Llosa
• Miguel Vega Alvear
• Ricardo Vega Llona

Electoral history

Presidential elections

Year	Candidate		Party / Coalition	Votes	Percentage	Outcome
1990	Mario Vargas Llosa		Democratic Front ML-AP-PPC-SD	1st Round: 2 163 323	1st Round: 32.57	1st Round: 1st
				2nd Round: 2 708 291	2nd Round: 37.62	2nd Round: 2nd

Elections to the Congress of the Republic

Year	Votes	%	Seats	/	Position
1990	1 492 513 (FREDEMO)	30.1% (FREDEMO)	62 / 180 (FREDEMO)	62	Minority

Elections to the Senate

Year	Votes	%	Seats	/	Position
1990	1 791 077 (FREDEMO)	32.3% (FREDEMO)	20 / 62 (FREDEMO)	19	Minority

See also

• Hernando de Soto
• Lost Decade (Peru)
• Mario Vargas Llosa
• People's Liberty