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COUNTRY INSIGHTS

Vizcarra governing unhindered
PERU · Report · 03 Dec 2019

Elections for a new Congress are set for January 26th, after President Martín Vizcarra’s dissolution of Congress in September. Though the government is in the interim empowered to issue executive orders that have the same validity as law, we doubt it will enact any significant reforms this way, b...

Vizcarra triumphed despite legal transgressions
PERU · Report · 25 Oct 2019

The legality of President Martín Vizcarra’s dissolution of Congress has been considered fraught, with legal experts citing elements of constitutional violation. But the idea of dismissing Congress is supported by some 85% of the public, and by the Armed Forces and police. International organizati...

The fallout after Vizcarra’s decision to dissolve Congress
PERU · In Brief · 06 Oct 2019

After the September 30 dissolution of Congress, a few facts remain clear:This action is considered illegal by most prominent constitutional scholars and constitutional experts (see attached declaration published by 11 constitutional experts in Spanish ). However, there are many lawyers that argue...

​Political chaos
PERU · In Brief · 30 Sep 2019

This afternoon President Martín Vizcarra announced the dissolution of Congress.The immediate cause behind the president’s decision lies in his interpretation of today´s events in Congress. After the Constitution Committee decided to reject his proposal for early general elections last Friday, the...

A battle of wills
PERU · Report · 12 Sep 2019

Since President Martín Vizcarra stunned Congress six weeks ago with his request for early general elections, Peru has been immersed in a political tug-of-war. While the president accuses Congress of dwarfing his plans and dragging its feet over political and judicial reforms, the congressional ma...

Gripped by political uncertainty
PERU · Report · 07 Aug 2019

We project 2019 growth at just 2.6%, but deterioration of the political situation, and the perception that an anti-system candidate could become the next president, could further damage growth prospects. In addition, international turbulence could affect emerging countries, including Peru. On the...

Vizcarra finishes his National Day speech with a bombshell
PERU · In Brief · 28 Jul 2019

A few hours ago, president Martin Vizcarra delivered the customary July 28thspeech before Congress where as usual he enumerated his government´s achievements during the last 12 months. However, towards the end of his presentation the President explained that the Executive Branch proposals for a p...

Another game of chicken
PERU · Report · 18 Jun 2019

Facing dwindling approval ratings, the Vizcarra government resorted to its usual ploy: it confronted the unpopular Congress, though now with a credible excuse: Congress had been dragging its feet over approving the government’s proposed political reform. The Executive branch sent Congress 12 draf...

Public applauds crackdown on the political class
PERU · Report · 17 May 2019

All four Peruvian ex-presidents since 2001, a Lima ex-mayor and several regional governors are being investigated in relation to contributions from Brazilian construction firms. Prosecutors have secured information from such firms under arrangements providing immunity to their officials in return...

Navigating amid icebergs
PERU · Forecast · 11 Apr 2019

We expect more modest growth in Q1, after a robust Q4 2018. Nor does Q2 look very promising, especially should the blockade of the road impeding Las Bambas mega copper mine operations persist. Las Bambas represents 20% of Peruvian copper production, and its paralysis could affect 1% of monthly GD...

Ex-president Pedro Pablo Kuczynski jailed
PERU · In Brief · 10 Apr 2019

Today a judge ordered the preliminary detention of the ex-president for a 10-day period after a prosecutor began investigating him on money laundering charges related to the financial services that his Miami based firm performed in two infrastructure projects (the Interoceanic Highway and the Olm...

Vizcarra's new cabinet
PERU · In Brief · 11 Mar 2019

A new cabinet was sworn in today after Premier Villanueva’s resignation.The new Premier is Salvador del Solar, who was Minister of Culture during Pedro Pablo Kuczynski’s tenure. Mr del Solar is an actor and film director, and is also a lawyer who studied international relations in the US. Seven n...

Prime Minister Cesar Villanueva Resigns
PERU · In Brief · 08 Mar 2019

President Martin Vizcarra accepted the resignation of the president of the council of ministers (also referred to as Premier or Prime Minister) Cesar Villanueva this afternoon. It is rumored that his resignation was prompted by Minister of Finance Carlos Oliva's disagreement on the way that a tru...

A president under pressure
PERU · Report · 01 Mar 2019

The government has started to feel the brunt of increased demands for action in several public policy areas, intensified by an abnormal El Niño-driven rainy season that has demanded the special attention of most of the Cabinet. The idea that President Martin Vizcarra has made the fight against co...

Good growth momentum despite political chaos
PERU · Report · 22 Jan 2019

Since winning ample public support in a fall showdown over judicial and political reform, President Martín Vizcarra has successfully positioned himself as Peru’s anti-corruption leader. The leaders of both major opposition parties, Fuerza Popular (FP) and APRA, are now under high-profile investig...

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