IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL5.07▼ 0.02% USD/MXN17.30▼ 0.28% USD/CLP 930.47 — 0.00% USD/COP3,148▼ 0.08% USD/PEN3.40▲ 0.15% USD/ARS1,485▼ 0.03% USD/UYU 40.20 — 0.00% USD/PYG 5,931 — 0.00% USD/BOB 12.10 — 0.00% USD/DOP58.11▲ 0.21% USD/CRC 448.40 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.76 — 0.00% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.19% USD/TTD6.72— 0.00% EUR/BRL5.86▲ 0.20% BRENT 90.12 ▲ 1.22% WTI 80.65 ▼ 4.75% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.62% GOLD 4,124 ▲ 1.85% SILVER 58.45 ▲ 1.49% SOY 1,188 ▲ 0.87% CORN 464.00 ▲ 4.09% WHEAT 639.25 ▼ 3.65% COFFEE 313.55 ▼ 2.94% SUGAR 14.65 ▲ 1.52% ORANGE JUICE 153.35 ▲ 5.03% COTTON 81.20 ▲ 2.25% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.90% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 — 0.00% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 — 0.00% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 63,493 ▲ 1.16% ETH 1,883 ▲ 2.17% SOL 73.54 ▲ 2.33% XRP 1.09 ▲ 2.46% BNB 587.85 ▲ 2.24% ADA 0.19 ▲ 8.72% DOGE 0.07 ▲ 2.46% AVAX 6.54 ▲ 5.75% LINK 8.37 ▲ 3.95% DOT 0.80 ▲ 2.11% LTC 44.65 ▲ 1.05% BCH 212.51 ▲ 2.21% TRX 0.33 ▼ 0.34% XLM 0.17 ▲ 1.82% HBAR 0.07 ▲ 1.32% NEAR 1.71 ▲ 2.42% ATOM 1.27 ▲ 3.60% AAVE 91.98 ▲ 1.61% SELIC 14.25% EMBRAER 86.89 ▲ 0.87% EMBRAER ADR 68.33 ▲ 0.32% JBS 14.02 ▼ 1.89% JBS BDR 70.70 ▼ 2.01% MBRF3 17.54 ▼ 2.34% MBRFY 3.39 ▼ 2.31% INTER 5.60 ▼ 0.71% EGX 54,286 ▲ 1.23% USD/ZAR16.46▼ 0.53% USD/NGN 1,364 — 0.00% NIKKEI 64,362 ▲ 4.03% CSI300 4,588 ▲ 0.85% HSI 25,884 ▲ 0.10% NIFTY 24,384 ▲ 0.27% KOSPI 6,595 ▲ 17.91% JCI 6,236 ▲ 0.80% USD/JPY157.66▲ 0.05% USD/CNY6.75▼ 0.01% DAX 25,629 ▲ 0.07% CAC 8,510 ▲ 0.28% FTSE 10,868 ▼ 0.27% MIB 52,173 ▲ 0.13% IBEX 19,783 ▲ 0.13% STOXX 649.19 ▼ 0.12% EUR/USD1.15▲ 0.16% GBP/USD1.35▲ 0.07% SPX 7,490 ▲ 0.70% DJI 52,485 ▲ 0.53% NDX 28,274 ▲ 0.60% RUT 2,931 ▼ 0.50% TSX 35,226 ▼ 0.79% VIX 15.99 ▼ 6.44% USD/CAD1.40▼ 0.05% US10Y 4.7450 ▲ 1.76% IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL 5.07 ▼ 0.02% USD/MXN 17.30 ▼ 0.27% USD/CLP 930.47 — 0.00% USD/COP 3,148 ▼ 0.08% USD/PEN 3.40 ▲ 0.15% USD/ARS 1,485 ▼ 0.03% USD/UYU 40.20 — 0.00% USD/PYG 5,931 — 0.00% USD/BOB 12.10 — 0.00% USD/DOP 58.11 ▲ 0.21% USD/CRC 448.40 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.76 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.56% USD/TTD 6.72 ▲ 0.86% EUR/BRL 5.86 ▲ 0.20% BRENT 90.12 ▲ 1.22% WTI 80.65 ▼ 4.75% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.62% GOLD 4,124 ▲ 1.85% SILVER 58.45 ▲ 1.49% SOY 1,188 ▲ 0.87% CORN 464.00 ▲ 4.09% WHEAT 639.25 ▼ 3.65% COFFEE 313.55 ▼ 2.94% SUGAR 14.65 ▲ 1.52% ORANGE JUICE 153.35 ▲ 5.03% COTTON 81.20 ▲ 2.25% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.90% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 — 0.00% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 — 0.00% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 63,493 ▲ 1.16% ETH 1,883 ▲ 2.17% SOL 73.54 ▲ 2.33% XRP 1.09 ▲ 2.46% BNB 587.85 ▲ 2.24% ADA 0.19 ▲ 8.72% DOGE 0.07 ▲ 2.46% AVAX 6.54 ▲ 5.75% LINK 8.37 ▲ 3.95% DOT 0.80 ▲ 2.11% LTC 44.65 ▲ 1.05% BCH 212.51 ▲ 2.21% TRX 0.33 ▼ 0.34% XLM 0.17 ▲ 1.82% HBAR 0.07 ▲ 1.32% NEAR 1.71 ▲ 2.42% 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Peru Politics - Brazil

President Castillo distances himself from Peru Libre party, strengthens moderate wing of his cabinet

By · October 7, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – The president of Peru, Pedro Castillo, staged this Wednesday (6) a distancing with the ruling Peru Libre party by recomposing his Cabinet without the ministers closest to the controversial leader of this Marxist party, Vladimir Cerron, and reinforcing the more moderate wing of the cabinet.

Among the seven ministers removed by Castillo is the Prime Minister, Guido Bellido, who was replaced by Mirtha Vásquez, former president of the Congress during the transition period after the political crisis of November 2020.

Read also: Check out our coverage on Peru

After 70 days from the beginning of Castillo’s term, the ruler asked Bellido to resign, and hours later, he was swearing in Vásquez and the new cabinet at the Government Palace in Lima.

Pedro Castillo. (Photo internet reproduction)
President Pedro Castillo. (Photo internet reproduction)
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Although Bellido declared that he did not know the reasons for his departure from the government, the opposition in Congress greeted his resignation in unison due to the confrontation he had with the Parliament, especially after the interpellation of the former Minister of Labor, Iber Maraví, for his alleged links with the Shining Path.

Bellido himself had an investigation for an alleged apology to terrorism for having praised Edith Lagos, a deceased militant of the terrorist group Sendero Luminoso in his social networks.

Also, this Wednesday, he had a restraining order for alleged macho violence against opposition congresswoman Patricia Chirinos.

“BETRAYAL” FOR PERU LIBRE

The cabinet reshuffle was considered a “betrayal” by Peru Libre, whose congressmen went as a group to the Government Palace to demand Castillo that the party, with 37 legislators in the Parliament, be represented in the government.

The party rejected the departure of Bellido, a man of Cerrón’s complete confidence, and rejected the presence of “conservatives, ‘caviars’ (well-off leftists) and traitors”.

“It is time for Perú Libre to demand its share of power, guaranteeing its real presence or the bench take a firm position,” Cerrón expressed through a message on Twitter, in what could be interpreted as an eventual break with the presidency.

In principle, Cerrón, a doctor politically trained in Cuba, should have been the presidential candidate of Perú Libre in the last elections. Still, he could not run because he was convicted for corruption during his term as governor of the central Andean region of Junín.

Due to this circumstance, Castillo, a Peruvian teachers’ union leader, was invited to be the candidate of Peru Libre to pass the electoral hurdle and have representation in Congress. Without imagining that he would end up becoming president since, in the beginning, he was not among the favorites.

LEFTIST LAWYER AS PRIME MINISTER

After several weeks in which several sectors asked for a more plural cabinet and a more significant female presence, Castillo called to be Prime Minister, lawyer Mirtha Vásquez, a legislator for the leftist Frente Amplio movement and president of Congress until last July.

Vásquez took the oath of office “for this country of women and men who fight to live with dignity every day, without discrimination and who promote real changes”.

In the new cabinet, Foreign Minister Oscar Maúrtua, Minister of Economy Pedro Francke, Minister of Health, Hernando Cevallos, Minister of Justice, Aníbal Torres, and Minister of Defense, Walter Ayala, were ratified in their positions.

Likewise, Roberto Sanchez in Foreign Trade and Tourism, Juan Francisco Silva in Transportation and Communications, Geiner Alvarado in Housing, Construction and Sanitation, Anahi Durand in Women and Vulnerable Populations, and Vice President Dina Boluarte in Development and Social Inclusion continue.

PORTFOLIO FOR CONGRESSWOMAN CRITICAL OF CERRÓN

On the other hand, among the changes made in the cabinet are the entry of the pro-government legislator Betssy Chávez to replace Iber Maraví in the Ministry of Labor, after the congresswoman of Perú Libre had stood out for being one of the most critical figures against Cerrón and Bellido.

Likewise, Luis Barranzuela replaced Juan Carrasco in the Ministry of the Interior, Carlos Gallardo replaced Juan Cadillo in the office of Education, and Gisela Ortiz returned Ciro Galvez in the Ministry of Culture.

As established in the Peruvian Constitution, Vásquez will have a period of one month to present her work plan to Congress and request a vote of confidence from the Legislature.

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