President Manuel Prado Ugarteche

Manuel Prado y Ugarteche (1889–1967) was a Peruvian banker and political figure. He served as the president of Peru from 1939 until 1945 and again between 1956 and 1962.

Manuel Prado Ugarteche, a conservative patriarch of a wealthy and powerful family, reached the Presidency of Peru with the help of the left-wing APRA party. Prado announced that "one of the first acts of my government will be to declare a general political amnesty and put an end to the proscription of political parties."

During Prado's second presidency (1956-1962), the only significant proscribed party was the APRA (American Popular Revolutionary Alliance), which was thrown out of power and outlawed in 1948 by President Manuel Odría. Prado announced that he would submit to the newly-elected Congress a bill to legalize APRA once again. The bill was later passed and the APRA's famed founder, Víctor Raúl Haya de la Torre, returned from foreign exile.

In foreign policy, Prado—whose greatest pride was that as President in 1942 he made Peru the first of South American nations to declare war on the Axis Powers—was expected to sided firmly with the U.S.