Investors on election watch as Peru sells off after impeachment

Peru, Manuel Merino, president, LatAm, 575, impeachment
By Oliver West
11 Nov 2020

Though the bond market reaction to the impeachment of Peru’s popular president was not as severe as it would have been in most Latin American countries, investors said that political volatility would continue to challenge the sovereign’s credit profile and that the situation presented risks for next year’s elections.

Congress voted to oust Martín Vizcarra on Monday night for “moral incapacity”, blaming alleged corruption when Vizcarra was a state governor in 2014, in a process that Human Rights Watch’s Americas director Jose Miguel Vivanco called “very questionable”. 

It was the second impeachment trial that Vizcarra — who had ...

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