Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Peru's new president says she is open to early election talks

Published 12/09/2022, 11:02 AM
Updated 12/09/2022, 07:52 PM
© Reuters. Peru's new President Dina Boluarte arrives to speak to the media at the Government Palace, in Lima, Peru December 8, 2022. Peru's Presidency/Handout via REUTERS

By Marco Aquino

LIMA (Reuters) -Peruvian President Dina Boluarte on Friday said she was willing to discuss early elections with the country's political and civil organizations, but ruled out kick-starting constitutional changes for the time being.

Boluarte, who took office on Wednesday hours after her predecessor Pedro Castillo was ousted, said she was calling for calm as protests broke out in support of the former president.

Early morning footage on local television showed hundreds of farmers blocking a stretch of Peru's main coastal highway demanding early elections.

"If society and the situation warrants bringing forward elections, then in conversation with the democratic and political forces in Congress, we will sit down to talk," she told reporters.

"I am not the one who caused this situation, I am only fulfilling the constitutional role," she added, calling on the "sisters and brothers who are coming out in protest... to calm down."

Later on Friday, Boluarte said she had received a call expressing support from Argentina's President Alberto Fernandez.

"He expressed his support and collaboration in the framework of the strengthening of our democracy, bilateral relations and regional policies," she said on Twitter.

The 60-year-old lawyer Boluarte, who was Castillo's vice president, became the first woman to assume the country's presidency and is set to hold the post until 2026 if no fresh elections are called.

Asked about calls from some leftist parties to draft a new constitution, Boluarte said the long-standing demand should not be abandoned but it was not something she wanted to do in the short term.

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

"I think this is not the time. Right now Peru is going through a political crisis and we still need to solve the economic and food crisis," she said.

She said she would name her new cabinet members on Friday or Saturday.

Boluarte said she plans to visit Castillo in prison, adding his "coup d'état surprised us all, including his ministers."

Castillo tried to dissolve Congress just hours before he was removed from office in an impeachment vote. He was detained and is now facing criminal charges.

Mexican authorities said on Thursday they had started talks with Peru on Castillo's request for asylum there. On Friday afternoon, Peru's foreign ministry summoned the Mexican ambassador and said statements by the country's leaders relating to the matter constituted an "interference in Peru's internal affairs."

Peru's abrupt change of leadership has had limited effects on markets so far. Analysts said economic and financial institutions in the world's No.2 copper producing nation remain resilient to political volatility.

However, Boluarte, who called for a political truce in her first speech as president, will have to be careful to avoid the fate of other leaders who left the post before their terms ended.

Latest comments

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.