Viceroyalty of Peru Viceroyalty of Peru The Viceroyalty of Peru () was a Spanish imperial provincial administrative district, created in 1542, that originally contained most of Spanish-ruled South America, governed from the capital of Lima. The Viceroyalty of Peru was one of the two Spanish Viceroyalties in the Americas from the sixteenth to the eighteenth centuries. The Spanish did not resist the Portuguese expansion of Brazil across the meridian established by the Treaty of Tordesillas. The treaty was rendered meaningless between 1580 and 1640 while Spain controlled Portugal. The creation during the 18th century of Viceroyalties of New Granada and Río de la
Economy of Peru and political stability, but it slowed again after the government delayed privatizations and as political uncertainty increased in 2000. President Alejandro Toledo has made investment promotion a priority of his government. While Peru was previously marked by terrorism, hyperinflation, and government intervention in the economy, the Government of Peru under former President Alberto Fujimori took the steps necessary to bring those problems under control. Democratic institutions, however, and especially the judiciary, remain weak. The Government of Peru's economic stabilization and liberalization program lowered trade barriers, eliminated restrictions on capital flows, and opened the economy to foreign investment, with the result