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Markets Re-Open Amid Political Turmoil

  • Peru’s financial markets will reopen after a four-day weekend that came on the heels of a political crisis triggered by the Dec. 7 ousting of former president Pedro Castillo.
  • Authorities have confirmed two deaths during ongoing protests demanding fresh elections and the resignation of new President Dina Boluarte, as thousands of demonstrators were reported on streets across the country Sunday. Boluarte, whose term goes to 2026, also declared state of emergency in zones of high social conflict.
  • Boluarte responded to the calls by announcing in a televised address a proposal for Congress to bring forward the next general elections to April 2024, per AP.
    • "My duty as president of the republic in the current difficult time is to interpret, read and collect the aspirations, interests and concerns, if not of all, of the vast majority of Peruvians," Boluarte said, according to AP.

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