Liberty Movement

Liberty Movement (in Spanish: Movimiento Libertad), was a political party in Peru founded in 1987 by groups opposing the nationalization of the bank sector in 1986. Instead it advocated a free market approach to solving Peru's hyperinflation which would later peak at over 7000%.

It was first formed in 1988 together with Popular Action and Christian People's Party, FREDEMO. In 1990 FREDEMO launched the Movimiento Libertad led by Mario Vargas Llosa as its presidential candidate. It was an attempt to make alliances with what were seen as the "traditional right". It led to a break between Llosa and Hernando de Soto. Critics would attack the Movimiento de Libertad for its high spending and association with elite interests.

The party was defeated by Alberto Fujimori in 1990, but, ironically, Fujimori would later adopt many of the shock therapy and liberalization policies that Movimiento de Libertad had advocated.

Later it dissolved itself.

Many years later, a group of former member of this party founded in Lima, on April 2003, a new political movement called Libertarian Party of Peru (in Spanish Partido Liberal del Peru). Its founding members are Jose Luis Tapia, Humberto Perez, Fernando Barrios, Myriam Ortiz, and Alberto Mansueti.