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Focus Remains On Congress Deadline For Scheduling Early Elections

  • With a vacant regional docket on Friday, the clear focus will be on the ongoing debate in Peru’s congress and any developments regarding the potential scheduling of early elections.
  • On Thursday, President Dina Boluarte held talks with Accion Popular. The objective of said meetings was to address the political and social crisis that the country is going through, as well as the situation of Peru in the international context. Boluarte also met with representatives of Renovacion Popular and Partido Patriotico.
  • Congress has a Friday deadline to attempt to schedule elections in 2023. Without a deal, both the president and lawmakers are scheduled to leave office only in 2026, which may trigger more social unrest and protests.
  • Lawmakers in the single chamber parliament have been reluctant to accept early elections, which would see them lose their jobs without the chance of re-election. (BBG)
  • On Thursday, Fitch noted that Peru’s crisis will likely weaken growth prospects and may test fiscal resilience.

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