IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,305,316 ▲ 0.65% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL5.11▼ 0.05% USD/MXN17.47▲ 0.12% USD/CLP939.74▼ 0.97% USD/COP3,195▼ 0.67% USD/PEN3.40▼ 0.02% USD/ARS1,497▼ 0.03% USD/UYU40.15▲ 1.29% USD/PYG6,020▲ 1.46% USD/BOB11.32▲ 3.54% USD/DOP58.07▲ 0.90% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.19% USD/HNL26.75▲ 1.51% USD/NIO36.62▲ 0.69% USD/VES740.95▼ 0.05% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.26% USD/TTD6.75▲ 1.35% EUR/BRL5.81▲ 0.50% BRENT 86.02 ▼ 2.65% WTI 80.73 ▼ 2.28% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.11% GOLD 4,052 ▼ 0.56% SILVER 57.70 ▼ 1.32% SOY 1,208 ▼ 0.04% CORN 474.25 ▲ 4.98% WHEAT 657.00 ▼ 0.45% COFFEE 323.05 ▲ 2.95% SUGAR 14.56 ▼ 1.42% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.85 ▲ 2.93% COCOA 5,156 ▼ 4.09% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 1.80% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 1.09% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 268.53 ▼ 0.06% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,531 ▼ 0.30% ETH 1,886 ▼ 0.27% SOL 73.36 ▼ 1.05% XRP 1.06 ▼ 0.59% BNB 564.96 ▼ 0.14% ADA 0.16 ▲ 0.88% DOGE 0.07 ▼ 0.08% AVAX 6.44 ▲ 0.69% LINK 8.34 ▼ 0.30% DOT 0.76 ▲ 0.74% LTC 46.40 ▲ 0.87% BCH 212.93 ▲ 0.57% TRX 0.32 — 0.00% XLM 0.17 ▲ 0.56% HBAR 0.07 ▼ 0.22% NEAR 1.67 ▼ 0.56% ATOM 1.31 ▲ 0.45% AAVE 97.76 ▼ 0.09% SELIC 14.25% EMBRAER 86.90 ▲ 5.33% EMBRAER ADR 67.99 ▲ 4.71% JBS 13.55 ▲ 10.34% JBS BDR 69.23 ▲ 11.59% MBRF3 15.89 ▲ 7.08% MBRFY 2.96 ▲ 0.68% INTER 5.56 ▲ 5.10% IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,305,316 ▲ 0.65% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL 5.11 ▼ 0.05% USD/MXN 17.47 ▲ 0.12% USD/CLP 939.74 ▼ 0.97% USD/COP 3,195 ▼ 0.67% USD/PEN 3.40 ▼ 0.02% USD/ARS 1,497 ▼ 0.03% USD/UYU 40.15 ▲ 1.29% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.32 ▲ 3.54% USD/DOP 58.07 ▲ 0.90% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.19% USD/HNL 26.75 ▲ 1.51% USD/NIO 36.62 ▲ 0.69% USD/VES 740.95 ▼ 0.05% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.26% USD/TTD 6.75 ▲ 1.35% EUR/BRL 5.81 ▲ 0.50% BRENT 86.02 ▼ 2.65% WTI 80.73 ▼ 2.28% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.11% GOLD 4,052 ▼ 0.56% SILVER 57.70 ▼ 1.32% SOY 1,208 ▼ 0.04% CORN 474.25 ▲ 4.98% WHEAT 657.00 ▼ 0.45% COFFEE 323.05 ▲ 2.95% SUGAR 14.56 ▼ 1.42% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.85 ▲ 2.93% COCOA 5,156 ▼ 4.09% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 1.80% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 1.09% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 268.53 ▼ 0.06% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,531 ▼ 0.30% ETH 1,886 ▼ 0.27% SOL 73.36 ▼ 1.05% XRP 1.06 ▼ 0.59% BNB 564.96 ▼ 0.14% ADA 0.16 ▲ 0.88% DOGE 0.07 ▼ 0.08% AVAX 6.44 ▲ 0.69% LINK 8.34 ▼ 0.30% DOT 0.76 ▲ 0.74% LTC 46.40 ▲ 0.87% BCH 212.93 ▲ 0.57% TRX 0.32 — 0.00% XLM 0.17 ▲ 0.56% HBAR 0.07 ▼ 0.22% NEAR 1.67 ▼ 0.56% ATOM 1.31 ▲ 0.45% AAVE 97.76 ▼ 0.09% SELIC 14.25% EMBRAER 86.90 ▲ 5.33% EMBRAER ADR 67.99 ▲ 4.71% JBS 13.55 ▲ 10.34% JBS BDR 69.23 ▲ 11.59% MBRF3 15.89 ▲ 7.08% MBRFY 2.96 ▲ 0.68% INTER 5.56 ▲ 5.10%
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Peru Politics - Brazil

Peruvian Congress passed a law to shield itself from dissolution by President Castillo

By · October 20, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – In an extraordinary plenary session of Congress on Tuesday, October 19, the Peruvian Parliament passed, with 79 votes in favor, 43 against, and three abstentions, a controversial law that significantly restricts the so-called “vote of confidence” that would authorize the executive branch to dissolve Congress if it refuses to place its confidence in two Cabinets of Ministers or passes a vote of no confidence.

The current 1993 Political Constitution states in Article 133: “The President of the Council of Ministers, on behalf of the Council, may ask Congress for a vote of confidence. If he is denied confidence, if a vote of no confidence is passed, if he resigns, or if he is removed by the President of the Republic, there will be a real crisis of the Cabinet.”

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Likewise, Article 134 of the Constitution states that “The President of the Republic shall have the power to dissolve Congress when it has passed a vote of no confidence or refused confidence in two ministerial councils.” It goes on to say, “The decree of dissolution shall contain the call for elections for a new Congress. These elections will be held within four months of the dissolution, without changing the existing electoral system.”

The government pointed out that the current law, recently passed by the majority of Congress, “violates the principle of separation of powers and the responsibilities of the executive branch in connection with the formulation and implementation of public policy” (Photo internet reproduction)
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These articles of the Constitution were used by former President Martin Vizcarra at the end of 2019, when the President finally dissolved Parliament with a Fujimorist majority hostile to the Vizcarra government from the right.

This is precisely what the current right-wing majority in Parliament is trying to avoid to maintain its political presence and further pressure President Castillo to push his already course even further to the right.

Given the oppositional stance of the current Parliament and the fragility of the government, it cannot be ruled out that the most conservative sectors of Congress, including Fujimorism and military leaders, are thinking of a presidential vacancy, for which this law passed in Congress would pave the way.

The government pointed out that “the possibility for the President of the Council of Ministers and other heads of departments to ask for a vote of confidence is regulated in the Constitution as a counterbalance to the power of Parliament to propose a motion of censure against ministers.”

Critics of the current law, recently passed by a majority vote of Congress, “violates the principle of separation of powers and the responsibilities of the executive branch in connection with the formulation and implementation of public policy.”

In this regard, the President of the Council of Ministers, Mirtha Vázquez, stated on her Twitter account, “It is regrettable that Congress has renounced a broad and pluralistic debate on an issue transcendent to the balance of powers, with a law that endangers our democracy. We will take the necessary measures to prevent the collapse of the rule of law.”

What has happened in Congress is a concrete consequence of the weakness of the government and its increasingly centrist orientation, which has led it to distance itself from the main demands of the workers and the people and their ongoing struggles and to limit its actions to the higher areas where the right-wing has more room for maneuver, which is why today they determine the work of the executive branch.

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