Peru Elects Centrist Lawmaker Francisco Sagasti as Third President in One Week

Sagasti, a former World Bank official and engineer, faces a formidable challenge to bring stability to the world’s no. 2 copper producer, which was already hard hit by COVID-19 and heading for its worst economic contraction in a century.

RIO DE JANEIRO, BRAZIL - Peru’s Congress on Monday elected legislator Francisco Sagasti as Peru’s interim president in an attempt to defuse a sharp political crisis in the Andean nation after angry protests and the departure of two presidents in the past week.

Sagasti, 76, from the centrist Morado Party, won enough votes to head the unicameral Congress, which means he would constitutionally assume the presidency of the country ahead of national elections . . .

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