Peruvian President announces the resignation of the Prime Minister and forces the resignation of the government | Globalism

• Who is Pedro Castillo, the president who brought the Peruvian left back to power

“I inform the country that today we accept the resignation of the Prime Minister, Guido Peledo Ugarte, whom I thank for the services rendered,” Castillo stated during the short speech.

Practically speaking, the Prime Minister of Peru acts as if he were chief of staff, compared to the position in Brazil. Under Peruvian law, when a prime minister falls, the rest of the ministers must also be replaced.

Learn more about Pedro Castillo, this year’s president-elect of Peru, in the video below

This move was read as a split in the government: Peledo was from the more left wing of the Mandate, which The former guerrilla war included the Secretary of State. about it, Castillo adopted a more sober tone: He recently came to praise the private investment coming into the country., in changing the discourse regarding the elections.

Peledo tried to negotiate a deal on mining and other issues with the indigenous communities, who voted massively for Castillo in the last election, but with little success. In addition, he called for the nationalization of gas sources in Peru, which would be a controversial decision at home and abroad.

The current Peruvian president was elected in June with a speech criticizing capitalism and supporting economic nationalism, unlike the defeated candidate, Keiko Fujimori, and more to the right in favor of a more open market.

To give you an idea, the announcement of Peledo’s name as Peru’s chief of staff in July caused the local currency, the sul, to drop by 7%.

Moreover, with the resignation, Castillo must avoid, at least for the time being, greater pressure on Congress, which is headed by the right-wing Akao People’s Party. This could impede the work of the government and even jeopardize the remainder of the president’s term.

“The balance of power is the bridge between law and democracy. Votes of confidence, congressional hearings and censure motions should not be used to create political instability,” Castillo warned, citing legal tools that paralyze the Peruvian government in Congress.