Twelve Days In Office and Crisis Swamps Peru s Leftist President bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
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He said Peru needs to recover sovereignty over its natural resources, renegotiate its free trade deals and said he’ll turn the official presidential residence which is named after the Spanish conquistador Francisco Pizarro into a museum.
The speech contrasted with Castillo’s recent attempts to portray himself as a moderate, and the nation’s dollar bonds fell while he spoke. But he also pledged to respect the nation’s economic model and private property, and said the economy needs order and predictability to prosper.
“A government of the people has arrived to govern with the people and for the people,” Castillo said in his inaugural address. “This is the first time that our country has been governed by someone from the rural small farmer class. A person who belongs, as do many Peruvians, to the sectors that have been oppressed for so many centuries.”
(Bloomberg) A former World Bank economist who believes in fiscal prudence and a Marxist neurosurgeon trained in Cuba are among those jockeying for influence over Pedro Castillo, the favorite to be Peru’s next president.
Peru Socialist Set to Face Fujimori in Battle of Extremes Bloomberg 2 hrs ago Matthew Bristow and Jim Wyss
(Bloomberg) Peru’s next president will be either a little-known rural schoolteacher who vows to nationalize industries and rein in the media, or the polarizing right-wing daughter of a jailed strongman, herself out on bail for alleged corruption.
With 92% of ballots counted after 18 candidates ran on Sunday, the runoff will almost certainly be between Pedro Castillo of the Free Peru party, who took 19.1% of the vote, and Keiko Fujimori, who got 13.4%.
Fujimori, with the Popular Force party, warns that her rival’s plans to rewrite the constitution and take over strategic companies make him a danger to democracy.