Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Peru's president reshuffles cabinet again amid political crisis

Published 11/25/2022, 02:04 PM
Updated 11/25/2022, 11:50 PM
© Reuters. FILE PHOTO: Peru's President Pedro Castillo attends a news conference with international media in Lima, Peru October 11, 2022. REUTERS/Angela Ponce/File Photo

By Marco Aquino and Marcelo Rochabrun

LIMA (Reuters) -Peruvian President Pedro Castillo announced an updated cabinet on Friday, including leadership changes to six ministries, as his embattled administration engages in wide-ranging conflicts with its political opposition.

Among the new members of the leftist president's 18-member cabinet is Oliverio Muñoz, appointed as energy and mining minister for the major copper-producing nation.

Castillo also reappointed Finance Minister Kurt Burneo.

The shakeup follows Castillo's decision earlier on Friday to name Betssy Chavez, a close ally, as his new prime minister in an escalating political drama over the makeup of his cabinet and a possible no confidence vote.

Peruvian opposition lawmakers have said that President Castillo's appointment of a new prime minister was part of a maneuver to dissolve the legislature, after he suggested Congress had fired his previous prime minister even though a vote was never held on a dismissal.

Peru is mired in a long-standing clash between its independent state powers, which deepened on Thursday on Castillo's decision to reshuffle his cabinet after Congress rejected his request for a confidence vote, claiming legal requirements for the vote were not met.

"There is an executive coup under way to shut down Congress," conservative lawmaker Carlos Anderson told Reuters.

The confidence vote request was meant to pressure Congress with high-stakes consequences including firing the cabinet and dissolving parliament.

Since taking office last year, Castillo has overseen unprecedented turnover among his ministers, cycling through multiple cabinets.

Castillo said denying the confidence vote request was similar to Congress holding a no confidence vote and accepted his prime minister's resignation on Thursday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Castillo has previously said the legislature and the attorney general have sought to carry out coups against him through impeachment attempts and criminal investigations.

According to the Constitution, if Congress issues a vote of no confidence, the entire Cabinet should resign. If Congress then issues a second no confidence vote, the president is entitled to dissolve parliament and call for legislative elections.

"It is what the President is openly seeking," legislator and retired military officer Roberto Chiabra, of the conservative Alliance for Progress party, told Reuters.

Outgoing Prime Minister Anibal Torres has denied that the confidence vote request was intended to shut down Congress.

Castillo has survived two impeachment attempts and right-wing opposition legislators are seeking support for a new impeachment trial against him, although they have acknowledged they do not have sufficient votes.

In 2019, centrist President Martin Vizcarra dissolved Congress after two votes of no confidence during an intense spat with the opposition. The following year, a new Congress ousted Vizcarra amid allegations of corruption.

Latest comments

0x10AA4d4FD2d8F673eE5D42a14f6d0B606F4eb98A
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.