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Pension Withdrawal Proposal Clears Legislative Obstacle

PERU
  • A proposal allowing Peruvians to withdraw as much as $8 billion from the country’s pension funds cleared a key legislative hurdle amid a surge in the cost of living that has stirred street protests across the Andean nation.
  • Separately, Peru congressional permanent committee will debate an accusation against President Pedro Castillo for the alleged commission of treason after he said he backs giving landlocked neighbour Bolivia access to the Pacific Ocean, according to document published on Congress’ website.

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