Ex-financier at World Bank wins Peru presidential election

Peruvian economist Pedro Pablo Kuczynski has won the presidential election in Peru, defeating his rival Keiko Fujimori.

According to Peru's National Office of Electoral Processes (ONPE), Kuczynski managed to get 50.12 percent of the votes. Keiko Fujimori, the daughter of ex-President Alberto Fujimori, won 49.88 percent of the votes.

The South American nation went to the polls on Sunday to elect a new president who will replace left-wing Ollanta Humala.

Earlier polls suggested that Kuczynski, an ex-prime minister and former financier at the World Bank, was tied with center-right Fujimori, whose father is serving a lengthy jail term on charges of corruption and human rights violations.

According to ONPE, about 50,000 ballots will have to be reassessed, but the result will not affect Kuczynski’s victory, although it has not been announced yet.

The inauguration of Peru’s new leader will take place on July 28.