IBOV 175,689 ▼ 1.22% IPSA 10,967 ▼ 0.81% IPC MEX 66,095 ▼ 0.60% MERVAL 3,262,267 ▼ 0.55% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.39% USD/BRL5.13▲ 0.47% USD/MXN17.52▲ 0.31% USD/CLP930.70▲ 0.63% USD/COP3,242▼ 0.11% USD/PEN3.41▲ 0.44% USD/ARS1,482▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.30▼ 0.31% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.70% USD/TTD6.74▼ 0.12% EUR/BRL5.84▲ 0.40% BRENT 82.67 ▲ 8.76% WTI 77.63 ▲ 8.71% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.59% GOLD 3,998 ▼ 2.58% SILVER 57.70 ▼ 3.53% SOY 1,199 ▲ 0.17% CORN 464.50 ▲ 6.05% WHEAT 637.00 ▲ 0.79% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.80 ▼ 6.80% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.23 ▼ 2.90% PETR4 40.88 ▲ 3.10% VALE3 72.51 ▼ 2.25% ITUB4 43.63 ▼ 1.51% BBDC4 18.75 ▼ 0.58% ABEV3 15.81 ▼ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 14.96 ▼ 2.98% WEGE3 44.50 ▼ 4.32% PRIO3 56.90 ▲ 2.62% SUZB3 41.63 ▲ 0.19% RENT3 40.23 ▼ 2.12% AZZA3 19.12 ▲ 0.10% CSAN3 3.89 ▼ 4.42% RAIZ4 0.33 ▼ 5.71% PCAR3 2.62 ▼ 4.03% GMAT3 3.94 ▼ 0.76% PSSA3 53.88 ▼ 1.98% CVCB3 1.24 ▼ 0.80% POSI3 3.90 ▼ 1.76% SLCE3 13.97 ▼ 0.36% NATU3 8.68 — 0.00% BRKM5 6.63 — 0.00% RANI3 7.93 ▼ 1.00% CSNA3 5.21 ▲ 0.58% CMIN3 5.51 ▲ 5.35% USIM5 8.33 ▼ 1.42% GGBR4 22.86 ▼ 0.65% ENEV3 26.96 ▼ 2.14% CPFE3 46.96 ▼ 1.90% CMIG4 11.08 ▼ 2.64% EQTL3 40.02 ▼ 2.18% LREN3 14.26 ▼ 2.46% VIVT3 35.07 ▼ 1.90% RAIL3 14.04 ▼ 2.23% KLABIN 17.51 ▼ 0.17% RAIA DROGASIL 18.24 ▼ 2.82% RDOR3 35.45 ▼ 1.58% HAPV3 10.34 ▼ 2.45% FLRY3 16.17 ▼ 1.52% SMTO3 16.62 ▲ 1.53% UGPA3 30.95 ▲ 0.78% VBBR3 32.97 ▼ 0.09% BBSE3 40.28 ▼ 0.17% BPAC11 57.54 ▼ 2.03% CURY3 33.32 ▼ 2.60% AERI3 2.07 ▼ 0.96% VIVARA 23.16 ▼ 1.57% COMPASS 24.78 ▼ 2.82% VAMOS 3.00 ▼ 1.96% SANB11 27.21 ▼ 1.48% ASAI3 8.67 ▼ 2.25% SBSP3 30.27 ▼ 2.70% WALMEX 49.78 ▲ 0.93% GMEXICO 195.39 ▼ 1.93% FEMSA 225.66 ▲ 1.05% CEMEX 21.60 ▼ 1.19% GFNORTE 183.03 ▼ 1.91% BIMBO 55.99 ▼ 0.20% TELEVISA 9.70 ▼ 0.31% AMX 22.96 ▲ 1.15% GAP 409.20 ▼ 0.79% ASUR 280.02 ▼ 1.79% OMA 233.59 ▼ 1.22% KOF 180.79 ▲ 0.36% GRUMA 283.00 ▼ 0.19% KIMBER 38.20 ▲ 0.34% SQM-B 67,081 ▼ 0.99% COPEC 6,107 ▼ 0.53% BSANTANDER 77.71 ▼ 1.63% FALABELLA 5,949 ▲ 0.75% ENELAM 85.00 ▼ 0.47% CENCOSUD 2,045 ▼ 0.00% CMPC 1,087 ▼ 2.01% BANCO CHILE 184.06 ▼ 2.55% LATAM AIR 25.43 ▼ 3.16% YPF 77,350 ▲ 3.97% GGAL 8,190 ▼ 1.74% PAMPA 5,270 ▲ 1.74% TXAR 668.00 ▼ 0.45% ALUAR 973.00 ▼ 0.26% TGS 9,660 ▲ 0.68% CEPU 2,355 ▼ 1.71% MIRGOR 17,075 ▼ 1.01% COME 44.74 ▼ 2.55% LOMA NEGRA 3,528 ▼ 1.54% BYMA 307.00 ▼ 2.23% TELECOM ARG 4,230 ▼ 0.35% ECOPETROL 15.92 ▲ 2.15% BANCOLOMBIA 81.33 ▼ 1.95% GRUPO AVAL 4.97 ▼ 1.97% CREDICORP 390.34 ▼ 2.61% SOUTHERN COPPER 174.32 ▼ 0.86% BUENAVENTURA 29.75 ▼ 0.83% MERCADOLIBRE 1,871 ▲ 1.00% NUBANK 13.77 ▲ 0.04% XP 16.34 ▼ 3.46% PAGSEGURO 9.34 ▲ 0.92% STONE 11.17 ▼ 0.40% GLOBANT 32.17 ▲ 7.38% TECNOGLASS 42.30 ▼ 3.64% GAP AIRPORT 233.51 ▼ 0.90% ASUR 280.02 ▼ 1.79% OMA AIRPORT 106.59 ▼ 1.34% AMX ADR 26.15 ▲ 0.54% FEMSA ADR 128.79 ▲ 0.89% CEMEX ADR 12.36 ▼ 1.00% PETROBRAS ADR 17.88 ▲ 3.20% VALE ADR 14.10 ▼ 2.49% ITAU ADR 8.50 ▼ 1.39% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.07 ▼ 0.16% CSN 1.01 — 0.00% GERDAU 4.47 ▼ 0.67% LATAM ADR 54.51 ▼ 3.45% BTC 61,857 ▼ 2.98% ETH 1,755 ▼ 2.81% SOL 74.67 ▼ 2.87% XRP 1.06 ▼ 2.50% BNB 562.89 ▼ 1.93% ADA 0.16 ▼ 3.12% DOGE 0.07 ▼ 2.22% AVAX 6.43 ▲ 0.44% LINK 7.81 ▼ 2.25% DOT 0.83 ▼ 2.04% LTC 42.98 ▼ 2.25% BCH 235.89 ▼ 1.70% TRX 0.33 ▼ 1.85% XLM 0.18 ▼ 2.71% HBAR 0.07 ▼ 2.03% NEAR 1.92 ▲ 1.45% ATOM 1.53 ▼ 1.92% AAVE 94.06 ▼ 3.09% SELIC 14.25% EMBRAER 82.28 ▼ 2.74% EMBRAER ADR 64.17 ▼ 2.79% JBS 11.81 ▼ 0.88% JBS BDR 60.52 ▼ 0.43% MBRF3 15.96 ▲ 2.64% MBRFY 3.06 ▲ 1.32% INTER 5.65 ▼ 2.92% IBOV 175,689 ▼ 1.22% IPSA 10,967 ▼ 0.81% IPC MEX 66,095 ▼ 0.60% MERVAL 3,262,267 ▼ 0.55% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.39% USD/BRL 5.13 ▲ 0.46% USD/MXN 17.52 ▲ 0.31% USD/CLP 930.72 ▲ 0.63% USD/COP 3,242 ▼ 0.11% USD/PEN 3.41 ▲ 0.44% USD/ARS 1,482 ▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.30 ▼ 0.31% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▼ 0.30% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.84 ▲ 0.40% BRENT 82.67 ▲ 8.76% WTI 77.63 ▲ 8.71% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.59% GOLD 3,998 ▼ 2.58% SILVER 57.70 ▼ 3.53% SOY 1,199 ▲ 0.17% CORN 464.50 ▲ 6.05% WHEAT 637.00 ▲ 0.79% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.80 ▼ 6.80% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.23 ▼ 2.90% PETR4 40.88 ▲ 3.10% VALE3 72.51 ▼ 2.25% ITUB4 43.63 ▼ 1.51% BBDC4 18.75 ▼ 0.58% ABEV3 15.81 ▼ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 14.96 ▼ 2.98% WEGE3 44.50 ▼ 4.32% PRIO3 56.90 ▲ 2.62% SUZB3 41.63 ▲ 0.19% RENT3 40.23 ▼ 2.12% AZZA3 19.12 ▲ 0.10% CSAN3 3.89 ▼ 4.42% RAIZ4 0.33 ▼ 5.71% PCAR3 2.62 ▼ 4.03% GMAT3 3.94 ▼ 0.76% PSSA3 53.88 ▼ 1.98% CVCB3 1.24 ▼ 0.80% POSI3 3.90 ▼ 1.76% SLCE3 13.97 ▼ 0.36% NATU3 8.68 — 0.00% BRKM5 6.63 — 0.00% RANI3 7.93 ▼ 1.00% CSNA3 5.21 ▲ 0.58% CMIN3 5.51 ▲ 5.35% USIM5 8.33 ▼ 1.42% GGBR4 22.86 ▼ 0.65% ENEV3 26.96 ▼ 2.14% CPFE3 46.96 ▼ 1.90% CMIG4 11.08 ▼ 2.64% EQTL3 40.02 ▼ 2.18% LREN3 14.26 ▼ 2.46% VIVT3 35.07 ▼ 1.90% RAIL3 14.04 ▼ 2.23% KLABIN 17.51 ▼ 0.17% RAIA DROGASIL 18.24 ▼ 2.82% RDOR3 35.45 ▼ 1.58% HAPV3 10.34 ▼ 2.45% FLRY3 16.17 ▼ 1.52% SMTO3 16.62 ▲ 1.53% UGPA3 30.95 ▲ 0.78% VBBR3 32.97 ▼ 0.09% BBSE3 40.28 ▼ 0.17% BPAC11 57.54 ▼ 2.03% CURY3 33.32 ▼ 2.60% AERI3 2.07 ▼ 0.96% VIVARA 23.16 ▼ 1.57% COMPASS 24.78 ▼ 2.82% VAMOS 3.00 ▼ 1.96% SANB11 27.21 ▼ 1.48% ASAI3 8.67 ▼ 2.25% SBSP3 30.27 ▼ 2.70% WALMEX 49.78 ▲ 0.93% GMEXICO 195.39 ▼ 1.93% FEMSA 225.66 ▲ 1.05% CEMEX 21.60 ▼ 1.19% GFNORTE 183.03 ▼ 1.91% BIMBO 55.99 ▼ 0.20% TELEVISA 9.70 ▼ 0.31% AMX 22.96 ▲ 1.15% GAP 409.20 ▼ 0.79% ASUR 280.02 ▼ 1.79% OMA 233.59 ▼ 1.22% KOF 180.79 ▲ 0.36% GRUMA 283.00 ▼ 0.19% KIMBER 38.20 ▲ 0.34% SQM-B 67,081 ▼ 0.99% COPEC 6,107 ▼ 0.53% BSANTANDER 77.71 ▼ 1.63% FALABELLA 5,949 ▲ 0.75% ENELAM 85.00 ▼ 0.47% CENCOSUD 2,045 ▼ 0.00% CMPC 1,087 ▼ 2.01% BANCO CHILE 184.06 ▼ 2.55% LATAM AIR 25.43 ▼ 3.16% YPF 77,350 ▲ 3.97% GGAL 8,190 ▼ 1.74% PAMPA 5,270 ▲ 1.74% TXAR 668.00 ▼ 0.45% ALUAR 973.00 ▼ 0.26% TGS 9,660 ▲ 0.68% CEPU 2,355 ▼ 1.71% MIRGOR 17,075 ▼ 1.01% COME 44.74 ▼ 2.55% LOMA NEGRA 3,528 ▼ 1.54% BYMA 307.00 ▼ 2.23% TELECOM ARG 4,230 ▼ 0.35% ECOPETROL 15.92 ▲ 2.15% BANCOLOMBIA 81.33 ▼ 1.95% GRUPO AVAL 4.97 ▼ 1.97% CREDICORP 390.34 ▼ 2.61% SOUTHERN COPPER 174.32 ▼ 0.86% BUENAVENTURA 29.75 ▼ 0.83% MERCADOLIBRE 1,871 ▲ 1.00% NUBANK 13.77 ▲ 0.04% XP 16.34 ▼ 3.46% PAGSEGURO 9.34 ▲ 0.92% STONE 11.17 ▼ 0.40% GLOBANT 32.17 ▲ 7.38% TECNOGLASS 42.30 ▼ 3.64% GAP AIRPORT 233.51 ▼ 0.90% ASUR 280.02 ▼ 1.79% OMA AIRPORT 106.59 ▼ 1.34% AMX ADR 26.15 ▲ 0.54% FEMSA ADR 128.79 ▲ 0.89% CEMEX ADR 12.36 ▼ 1.00% PETROBRAS ADR 17.88 ▲ 3.20% VALE ADR 14.10 ▼ 2.49% ITAU ADR 8.50 ▼ 1.39% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.07 ▼ 0.16% CSN 1.01 — 0.00% GERDAU 4.47 ▼ 0.67% LATAM ADR 54.51 ▼ 3.45% BTC 61,857 ▼ 2.98% ETH 1,755 ▼ 2.81% SOL 74.67 ▼ 2.87% XRP 1.06 ▼ 2.50% BNB 562.89 ▼ 1.93% ADA 0.16 ▼ 3.12% DOGE 0.07 ▼ 2.22% AVAX 6.43 ▲ 0.44% LINK 7.81 ▼ 2.25% DOT 0.83 ▼ 2.04% LTC 42.98 ▼ 2.25% BCH 235.89 ▼ 1.70% TRX 0.33 ▼ 1.85% XLM 0.18 ▼ 2.71% HBAR 0.07 ▼ 2.03% NEAR 1.92 ▲ 1.45% ATOM 1.53 ▼ 1.92% AAVE 94.06 ▼ 3.09% SELIC 14.25% EMBRAER 82.28 ▼ 2.74% EMBRAER ADR 64.17 ▼ 2.79% JBS 11.81 ▼ 0.88% JBS BDR 60.52 ▼ 0.43% MBRF3 15.96 ▲ 2.64% MBRFY 3.06 ▲ 1.32% INTER 5.65 ▼ 2.92%
since 2009
Monday, July 13, 2026

Peru: Two parliamentary groups propose to reduce presidential term and bring forward elections

By · April 29, 2022 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – Two Peruvian parliamentary groups, one of them the ruling Peru Libre, presented on Thursday two constitutional reform bills that propose to reduce the term of office of President Pedro Castillo and the Parliament until 2023 and to bring forward the elections to choose their successors that year.

The bench of the leftist Peru Libre presented a bill proposing to reduce the term of President Castillo and the congress members to only two years, until July 28, 2023, after having been elected in 2021 for a five-year term.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

The bill, whose author is legislator Pasión Dávila, entered Congress on April 28 and proposes a constitutional reform to modify the term of office of the President of the Republic, the Vice President, Dina Boluarte, and the 130 congressmen elected in the general elections of 2021.

Peruvian President Pedro Castillo.
Peruvian President Pedro Castillo. (Photo: internet reproduction)
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

This initiative is presented three days after the head of State sent to the Legislative another constitutional reform project to carry out a referendum next October, where the population will be consulted on whether it approves the call for a constituent assembly to draft a new Constitution.

According to the bill in its explanatory memorandum, the leftist party justified the reduction of the presidential term in the “crisis of legitimacy” in the political environment.

Likewise, it cited surveys in which 60% of the population supports an eventual advance of elections, the reason for which it proposes the need to lead to a democratic transition to get out of the political confrontation between the Executive and the Legislature.

The pro-government party assures that this initiative will “strengthen” Peru’s political and democratic system because the shortening of the presidential and legislative mandate constitutes “a constitutional and democratic solution”.

In addition, it is argued that it seeks to strengthen the legitimacy of the representation and the conservation of the positions of the authorities elected by the popular vote.

In parallel to this bill, the legislator Digna Calle, elected by the opposition party Podemos Perú, also presented, on April 28, a constitutional reform bill that shortens the presidential and parliamentary mandate until July 2023 and proposes to bring forward the elections to March 2023.

The legislator also mentioned the current political crisis, the citizens’ discontent, and the convulsion generated by social protests as a reason to present this initiative.

Calle added that the proposal for a new governor and new legislators to take office in July 2023 would allow a “peaceful solution” to the political and economic crisis that the country has been experiencing since Castillo was sworn in on July 28, 2021.

With information from EFE

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.