Peru's Kuczynski sets ambitious poverty-reduction target

Peru's President-elect Pedro Pablo Kuczynski (C), Vice-President Martin Vizcarra (R) and second Vice-President Mercedes Araoz (L) attend a ceremony to receive presidential credentials from the National Elections Board in Lima, Peru, June 28, 2016. REUTERS/Janine Costa

LIMA (Reuters) - Peru's centrist President-elect Pedro Pablo Kuczynski said on Sunday that he would strive to cut the Andean country's poverty rate by more than half to leave it at no more than 10 percent at the end of his five-year term.

Outgoing President Ollanta Humala had set out to lower the rate to 15 percent before a drop in prices for Peru's key mineral exports hit economic growth.