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A major victory for the President
PERU · Report · 10 Dec 2018

Yesterday´s referendum President Martín Vizcarra promoted over four constitutional reforms has produced a resounding boost to his power. Voters did just what he asked, by a 4-to-1 margin: they supported the first three proposals and voted down the fourth. Together with the question dealing with j...

Strong growth prospects, but politics could hamper business confidence
PERU · Forecast · 12 Nov 2018

Strong recovery in H1 was mainly due to a favorable base effect, after the H1 2017 slowdown caused by the El Niño disasters. Though we expect growth of just 2.5% in Q3, growth should speed up in Q4, taking into account the start of the fishing season, and strong public investment. Under these con...

Vizcarra gets his way
PERU · Report · 11 Oct 2018

After gleaning that Congress was dragging its feet on his four proposed constitutional amendments, President Vizcarra addressed the nation on TV and accused the congressional majority of trying to modify them. The president implied that if his call for a referendum was delayed or denied, he could...

A new battle cry
PERU · Report · 14 Sep 2018

The short-lived calm after Martín Vizcarra’s assumption of the presidency was shattered by the president’s bold July 28th Independence Day speech, in which he proposed controversial reforms to address the major ongoing judicial scandal. The president’s proposals include change in the political re...

Taking his case to the public
PERU · Report · 01 Aug 2018

Massive judicial corruption unveiled via a barrage of audio tapes leaked to the press has given President Martín Vizcarra an opportunity to press for political reforms. The president has proposed an overhaul of the judicial system, a ban on reelection of members of Congress, and reinstatement of ...

Revelation of massive corruption in the Judiciary
PERU · In Brief · 20 Jul 2018

The ongoing revelations of widespread corruption within Peru's justice system has ushered a major political crisis that has produced wide popular anger, and is likely to result in a major shake up within three key institutions: The Judiciary, the Attorney General’s office, and the National Counci...

How long will the rebound last?
PERU · Forecast · 02 Jul 2018

We expect growth in Q2 to be very strong, at just below 5% y/y, rising from the low base left by the crippling effects of El Niño and by the corruption scandals surrounding Brazilian construction firms last year. Domestic demand is also recovering powerfully, driven particularly by a surge in min...

New Finance Minister
PERU · In Brief · 07 Jun 2018

President Martin Villanueva has just announced that he has chosen Mr. Carlos Oliva as the new Minister of Finance. Mr. Oliva previously worked at this Ministry under Luis Miguel Castilla, who served as Finance Minister in the Humala Regime for three years, and as Vice Minister for the Budget (Hac...

Minister of Finance Resigns
PERU · In Brief · 04 Jun 2018 · 1 response

Minister of Finance David Tuesta resigned his post, apparently in protest for several conflicts with Prime Minister Villanueva and President Vizcarra regarding fiscal measures. Tuesta recently increased excise taxes on various products including fuels, tobacco, alcohol, sugared drinks, and automo...

Reaching the inflexion point?
PERU · Report · 23 May 2018

President Martín Vizcarra’s cabinet presented its plan to Congress, and won the body’s necessary vote of confidence, 94-19. The leftist parties dissented, but Keiko Fujimori’s Fuerza Popular party, which controls 50% of Congress, responded positively. Though some interpreted this as a tacit agree...

A change in leadership brings calm
PERU · Report · 19 Apr 2018

Amid an untenable political situation, President Pedro Pablo Kuczynski resigned on March 21st, thereby avoiding certain ouster via a painful and politically damaging impeachment process. It would have been impossible for him to stay on another 3 ½ years, given soured relations between the Executi...

Peru Conference Call: Continuity or change under a new president?
PERU · Report · 28 Mar 2018

Will PPK's resignation and Martin Vizcarra's accession to the presidency change the perspectives for Peru's needed reforms? What will Vizcarra be able to accomplish during the remainder of his term? Will the country's political instability begin to impact its economic stability? Discussion abo...

​President Kukzynski has resigned
PERU · In Brief · 21 Mar 2018

A few minutes ago, through a television address, the president announced his resignation thus avoiding the impeachment procedure that was scheduled for tomorrow.During a seven-minute speech, Kuczynski blamed the opposition majority in Congress pointing to their frivolous and arbitrary behavior, w...

Kuczynski likely to be ousted
PERU · In Brief · 21 Mar 2018

Yesterday's revelations of attempts to change votes to avoid the president's impeachment on the part of dissident members of the Fuerza Popular party has all but decided that he will be ousted tomorrow. During a press conference, the spokesman for Fuerza Popular Daniel Salaverry accompanied by ot...

Plenty of blame to go around
PERU · Report · 05 Mar 2018

Ex-Odebrecht chief Jorge Barata has testified before Peruvian prosecutors, under a plea bargaining agreement that is to exonerate him of all criminal charges in Peru. Last year Barata confirmed bribing several public officials in exchange for facilitating awards of government contracts. Now he’s ...

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