Great Military Parade of Peru Great Military Parade of Peru On July 29 every year, the Great Military Parade of Peru celebrating the anniversary of Peru's declaration of independence from Spain in 1821 is held in Lima, the national capital, by members of the Peruvian Armed Forces and the National Police of Peru and is presided over by the President of Peru and his First Family, members of the Council of Ministers of Peru and the Congress of the Republic of Peru, other civil officials, ecclesiastical leaders, the Diplomatic Corps of Peru, and other invited guests, among them commanders and other officers and personnel of
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