Peru–Bolivian Confederation Felipe Salaverry, who rebelled and overthrew him in 1835. Orbegoso, however, did not lose the support of southern Peru and called in to his help the president of Bolivia. It was the opportunity that Marshal Santa Cruz, himself a former president of Peru, was waiting for. The Bolivian army promptly proceeded to invade Peru. With Bolivian help, General Orbegoso quickly regained his leadership throughout the country and had Salaverry executed. As a reward for the support he had received from Santa Cruz, he agreed to the formation of the new Peru–Bolivian Confederation. Santa Cruz assumed the "supreme protectorship" of the
Peru and the World Bank Peru and the World Bank The World Bank lists Peru as an ‘upper middle income’ country. The Peruvian government has been keen to follow the World Bank's policies for growth. As of September 2018 Peru has $485.44 million in outstanding loans with a mix of 19 different institutions and sectors.The policy reform undertaken by the Peruvian government with the assistance of the World Bank, has stimulated one of the fastest growing economies in Latin America. Peru averaged a growth rate of 6.1% from 2002 – 2013. In 2018, the Work Bank estimated that the Peruvian economy would have one of