IBOV 176,169 ▲ 1.98% IPSA 10,989 ▼ 0.33% IPC MEX 66,548 ▲ 0.67% MERVAL 3,228,381 ▲ 0.81% COLCAP 2,292.75 — UNCH BVL PERÚ 56,194.27 ▲ 1.20% USD/BRL5.10▼ 0.24% USD/MXN17.47▼ 0.42% USD/CLP924.09▼ 0.39% USD/COP3,248▼ 2.85% USD/PEN3.40▼ 0.15% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.84▼ 0.96% BRENT 75.39 ▼ 1.19% WTI 70.85 ▼ 1.71% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.04% GOLD 4,120 ▼ 0.27% SILVER 60.30 ▼ 0.13% SOY 1,188 ▲ 0.70% CORN 456.50 ▲ 6.72% WHEAT 648.00 ▲ 6.01% COFFEE 335.40 ▼ 6.04% SUGAR 14.90 ▼ 1.46% ORANGE JUICE 144.55 ▼ 3.57% COTTON 80.87 ▲ 6.18% COCOA 6,094 ▼ 3.41% BEEF 233.63 ▼ 0.69% CATTLE 352.90 ▼ 0.91% LITHIUM 72.51 ▼ 0.43% PETR4 39.52 ▲ 0.79% VALE3 74.23 ▲ 1.48% ITUB4 43.55 ▲ 2.25% BBDC4 18.53 ▲ 2.94% ABEV3 15.83 ▲ 0.70% BBAS3 20.33 ▲ 1.65% B3SA3 15.36 ▲ 3.85% WEGE3 46.47 ▲ 1.60% PRIO3 55.19 ▼ 0.76% SUZB3 41.55 ▲ 1.27% RENT3 40.41 ▲ 2.56% AZZA3 18.98 ▲ 2.82% CSAN3 4.02 ▲ 4.15% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.96 ▲ 0.76% PSSA3 54.06 ▲ 1.33% CVCB3 1.26 ▲ 0.80% POSI3 3.95 ▲ 2.60% SLCE3 13.95 ▲ 1.16% NATU3 8.53 ▲ 0.83% BRKM5 6.51 ▲ 2.36% RANI3 7.96 ▲ 1.27% CSNA3 5.10 ▲ 6.25% CMIN3 5.06 ▲ 4.76% USIM5 8.41 ▲ 0.72% GGBR4 22.84 ▲ 1.60% ENEV3 26.87 ▲ 2.56% CPFE3 47.18 ▲ 1.92% CMIG4 11.29 ▲ 1.90% EQTL3 40.46 ▲ 2.40% LREN3 14.74 ▲ 4.17% VIVT3 35.44 ▲ 2.72% RAIL3 13.89 ▲ 1.02% KLABIN 17.47 ▲ 0.40% RAIA DROGASIL 18.73 ▲ 3.31% RDOR3 35.97 ▲ 2.33% FLRY3 16.24 ▲ 3.11% SMTO3 16.00 ▼ 0.31% UGPA3 30.61 ▲ 1.69% VBBR3 32.62 ▲ 1.62% BBSE3 39.83 ▲ 1.40% BPAC11 57.09 ▲ 2.53% CURY3 33.78 ▲ 3.30% AERI3 2.08 ▲ 0.97% VIVARA 23.14 ▲ 2.48% COMPASS 24.99 ▲ 1.26% VAMOS 3.02 ▲ 2.03% SANB11 27.16 ▲ 3.47% ASAI3 8.78 ▲ 3.78% SBSP3 30.76 ▲ 2.53% WALMEX 49.30 ▲ 0.57% GMEXICO 197.15 ▲ 0.93% FEMSA 223.55 ▲ 0.53% CEMEX 21.97 ▲ 1.20% GFNORTE 188.06 ▲ 1.46% BIMBO 56.20 ▲ 0.48% TELEVISA 9.59 ▲ 1.05% AMX 23.04 ▲ 1.77% GAP 410.00 ▼ 0.90% ASUR 284.14 ▲ 0.19% OMA 234.00 ▼ 1.68% KOF 182.62 ▲ 0.95% GRUMA 285.07 ▲ 0.87% KIMBER 38.30 ▼ 0.36% SQM-B 67,692 ▼ 2.04% COPEC 6,010 ▼ 0.17% BSANTANDER 78.25 ▲ 0.97% FALABELLA 5,875 ▲ 0.41% ENELAM 84.51 ▲ 0.42% CENCOSUD 2,035 ▼ 1.05% CMPC 1,112 ▲ 1.60% BANCO CHILE 188.00 ▲ 0.53% LATAM AIR 26.09 ▼ 1.17% YPF 74,150 ▼ 2.14% GGAL 8,130 ▲ 3.17% PAMPA 5,160 ▼ 0.86% TXAR 664.00 ▼ 0.08% ALUAR 964.50 ▼ 0.41% TGS 9,480 ▲ 1.83% CEPU 2,321 ▲ 0.26% MIRGOR 17,250 ▲ 0.29% COME 45.64 ▲ 0.48% LOMA NEGRA 3,508 ▲ 0.29% BYMA 309.75 — 0.00% TELECOM ARG 4,145 ▲ 0.61% ECOPETROL 15.43 ▲ 0.26% BANCOLOMBIA 82.76 ▲ 2.26% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 399.36 ▲ 1.90% SOUTHERN COPPER 175.06 ▲ 0.36% BUENAVENTURA 30.09 ▲ 1.83% MERCADOLIBRE 1,858 ▲ 2.78% NUBANK 13.80 ▲ 0.91% XP 16.91 ▲ 3.02% PAGSEGURO 9.26 ▲ 2.89% STONE 11.15 ▲ 1.69% GLOBANT 30.14 ▼ 3.68% TECNOGLASS 44.05 ▲ 2.11% GAP AIRPORT 233.54 ▼ 0.40% ASUR 284.14 ▲ 0.19% OMA AIRPORT 107.28 ▼ 0.97% AMX ADR 26.28 ▲ 1.70% FEMSA ADR 127.93 ▲ 0.73% CEMEX ADR 12.58 ▲ 1.66% PETROBRAS ADR 17.13 ▲ 0.59% VALE ADR 14.50 ▲ 1.93% ITAU ADR 8.53 ▲ 2.96% SANTANDER BR 5.37 ▲ 4.38% AMBEV ADR 3.09 ▲ 1.48% CSN 1.01 ▲ 5.79% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.52 ▼ 0.91% BTC 63,943 ▲ 1.19% ETH 1,788 ▲ 2.48% SOL 77.93 ▼ 0.15% XRP 1.10 ▲ 0.86% BNB 573.80 ▲ 0.94% ADA 0.17 ▼ 0.25% DOGE 0.07 ▲ 1.53% AVAX 6.73 ▲ 0.70% LINK 7.92 ▲ 2.43% DOT 0.87 ▲ 5.93% LTC 44.70 ▲ 2.14% BCH 249.18 ▲ 4.80% TRX 0.33 ▼ 0.45% XLM 0.19 ▲ 1.22% HBAR 0.07 ▲ 0.58% NEAR 1.90 ▼ 1.17% ATOM 1.58 ▲ 1.88% AAVE 95.09 ▲ 4.20% SELIC 14.25% EMBRAER 84.66 ▲ 0.95% EMBRAER ADR 66.29 ▲ 1.14% JBS 11.89 ▲ 1.36% JBS BDR 60.61 ▲ 0.93% MBRF3 15.77 ▲ 2.34% MBRFY 3.03 ▲ 1.00% HAPV3 10.62 ▲ 5.46% INTER 5.81 ▲ 1.75% EGX 52,312 ▲ 0.54% USD/ZAR16.29▼ 0.24% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.39▼ 0.61% USD/CNY6.76▼ 0.42% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▲ 0.09% GBP/USD1.34▲ 0.19% SPX 7,556 ▲ 0.16% DJI 52,593 ▲ 0.20% NDX 29,741 ▲ 0.05% RUT 2,970 ▼ 0.76% TSX 35,267 ▲ 0.19% VIX 15.56 ▼ 1.77% USD/CAD1.41▼ 0.23% US10Y 4.5450 ▲ 0.13% IBOV 176,169 ▲ 1.98% IPSA 10,989 ▼ 0.33% IPC MEX 66,548 ▲ 0.67% MERVAL 3,228,381 ▲ 0.81% COLCAP 2,292.75 — UNCH BVL PERÚ 56,194.27 ▲ 1.20% USD/BRL 5.10 ▼ 0.24% USD/MXN 17.47 ▼ 0.42% USD/CLP 924.10 ▼ 0.39% USD/COP 3,248 ▼ 2.85% USD/PEN 3.40 ▼ 0.15% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.84 ▼ 0.97% BRENT 75.39 ▼ 1.19% WTI 70.85 ▼ 1.71% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.04% GOLD 4,120 ▼ 0.27% SILVER 60.30 ▼ 0.13% SOY 1,188 ▲ 0.70% CORN 456.50 ▲ 6.72% WHEAT 648.00 ▲ 6.01% COFFEE 335.40 ▼ 6.04% SUGAR 14.90 ▼ 1.46% ORANGE JUICE 144.55 ▼ 3.57% COTTON 80.87 ▲ 6.18% COCOA 6,094 ▼ 3.41% BEEF 233.63 ▼ 0.69% CATTLE 352.90 ▼ 0.91% LITHIUM 72.51 ▼ 0.43% PETR4 39.52 ▲ 0.79% VALE3 74.23 ▲ 1.48% ITUB4 43.55 ▲ 2.25% BBDC4 18.53 ▲ 2.94% ABEV3 15.83 ▲ 0.70% BBAS3 20.33 ▲ 1.65% B3SA3 15.36 ▲ 3.85% WEGE3 46.47 ▲ 1.60% PRIO3 55.19 ▼ 0.76% SUZB3 41.55 ▲ 1.27% RENT3 40.41 ▲ 2.56% AZZA3 18.98 ▲ 2.82% CSAN3 4.02 ▲ 4.15% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.96 ▲ 0.76% PSSA3 54.06 ▲ 1.33% CVCB3 1.26 ▲ 0.80% POSI3 3.95 ▲ 2.60% SLCE3 13.95 ▲ 1.16% NATU3 8.53 ▲ 0.83% BRKM5 6.51 ▲ 2.36% RANI3 7.96 ▲ 1.27% CSNA3 5.10 ▲ 6.25% CMIN3 5.06 ▲ 4.76% USIM5 8.41 ▲ 0.72% GGBR4 22.84 ▲ 1.60% ENEV3 26.87 ▲ 2.56% CPFE3 47.18 ▲ 1.92% CMIG4 11.29 ▲ 1.90% EQTL3 40.46 ▲ 2.40% LREN3 14.74 ▲ 4.17% VIVT3 35.44 ▲ 2.72% RAIL3 13.89 ▲ 1.02% KLABIN 17.47 ▲ 0.40% RAIA DROGASIL 18.73 ▲ 3.31% RDOR3 35.97 ▲ 2.33% FLRY3 16.24 ▲ 3.11% SMTO3 16.00 ▼ 0.31% UGPA3 30.61 ▲ 1.69% VBBR3 32.62 ▲ 1.62% BBSE3 39.83 ▲ 1.40% BPAC11 57.09 ▲ 2.53% CURY3 33.78 ▲ 3.30% AERI3 2.08 ▲ 0.97% VIVARA 23.14 ▲ 2.48% COMPASS 24.99 ▲ 1.26% VAMOS 3.02 ▲ 2.03% SANB11 27.16 ▲ 3.47% ASAI3 8.78 ▲ 3.78% SBSP3 30.76 ▲ 2.53% WALMEX 49.30 ▲ 0.57% GMEXICO 197.15 ▲ 0.93% FEMSA 223.55 ▲ 0.53% CEMEX 21.97 ▲ 1.20% GFNORTE 188.06 ▲ 1.46% BIMBO 56.20 ▲ 0.48% TELEVISA 9.59 ▲ 1.05% AMX 23.04 ▲ 1.77% GAP 410.00 ▼ 0.90% ASUR 284.14 ▲ 0.19% OMA 234.00 ▼ 1.68% KOF 182.62 ▲ 0.95% GRUMA 285.07 ▲ 0.87% KIMBER 38.30 ▼ 0.36% SQM-B 67,692 ▼ 2.04% COPEC 6,010 ▼ 0.17% BSANTANDER 78.25 ▲ 0.97% FALABELLA 5,875 ▲ 0.41% ENELAM 84.51 ▲ 0.42% CENCOSUD 2,035 ▼ 1.05% CMPC 1,112 ▲ 1.60% BANCO CHILE 188.00 ▲ 0.53% LATAM AIR 26.09 ▼ 1.17% YPF 74,150 ▼ 2.14% GGAL 8,130 ▲ 3.17% PAMPA 5,160 ▼ 0.86% TXAR 664.00 ▼ 0.08% ALUAR 964.50 ▼ 0.41% TGS 9,480 ▲ 1.83% CEPU 2,321 ▲ 0.26% MIRGOR 17,250 ▲ 0.29% COME 45.64 ▲ 0.48% LOMA NEGRA 3,508 ▲ 0.29% BYMA 309.75 — 0.00% TELECOM ARG 4,145 ▲ 0.61% ECOPETROL 15.43 ▲ 0.26% BANCOLOMBIA 82.76 ▲ 2.26% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 399.36 ▲ 1.90% SOUTHERN COPPER 175.06 ▲ 0.36% BUENAVENTURA 30.09 ▲ 1.83% MERCADOLIBRE 1,858 ▲ 2.78% NUBANK 13.80 ▲ 0.91% XP 16.91 ▲ 3.02% PAGSEGURO 9.26 ▲ 2.89% STONE 11.15 ▲ 1.69% GLOBANT 30.14 ▼ 3.68% TECNOGLASS 44.05 ▲ 2.11% GAP AIRPORT 233.54 ▼ 0.40% ASUR 284.14 ▲ 0.19% OMA AIRPORT 107.28 ▼ 0.97% AMX ADR 26.28 ▲ 1.70% FEMSA ADR 127.93 ▲ 0.73% CEMEX ADR 12.58 ▲ 1.66% PETROBRAS ADR 17.13 ▲ 0.59% VALE ADR 14.50 ▲ 1.93% ITAU ADR 8.53 ▲ 2.96% SANTANDER BR 5.37 ▲ 4.38% AMBEV ADR 3.09 ▲ 1.48% CSN 1.01 ▲ 5.79% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.52 ▼ 0.91% BTC 63,943 ▲ 1.19% ETH 1,788 ▲ 2.48% SOL 77.93 ▼ 0.15% XRP 1.10 ▲ 0.86% BNB 573.80 ▲ 0.94% ADA 0.17 ▼ 0.25% DOGE 0.07 ▲ 1.53% AVAX 6.73 ▲ 0.70% LINK 7.92 ▲ 2.43% DOT 0.87 ▲ 5.93% LTC 44.70 ▲ 2.14% BCH 249.18 ▲ 4.80% TRX 0.33 ▼ 0.45% XLM 0.19 ▲ 1.22% HBAR 0.07 ▲ 0.58% NEAR 1.90 ▼ 1.17% ATOM 1.58 ▲ 1.88% AAVE 95.09 ▲ 4.20% SELIC 14.25% EMBRAER 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Peru Politics - Brazil

Castillo closes the year in Peru with 12 ministerial changes in just five months in office

By · December 30, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – Pedro Castillo’s first five months at the helm of Peru have been far from the tranquility that the country was looking for with the last elections held between April and June because there have already been 12 ministerial changes in less than half a year of government.

Castillo has had to face tireless opposition from the leading media groups, a Congress that despite being very divided has not hesitated to unite against him, and his party, Peru Libre, which has accused him of being lukewarm in his policies in the face of those who consider him a radical.

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From the very beginning, suspicions of nepotism within his cabinet have arisen, with almost all of his ministers questioned for different reasons, either for their lack of experience to hold a position of such relevance, for having maintained alleged relations with terrorist groups, or for having incurred in irregularities of all kinds.

Pedro Castillo’s first five months at the helm of Peru have been far from the tranquility that the country was looking for with the last elections held between April and June (Photo internet reproduction)
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The last one to leave has been the former head of Education, Carlos Gallardo, still without a replacement in sight, who resigned a few days ago after being censured by the Congress due to the alleged leak of the teachers’ exams and for his relationship with Fenate, the teachers’ union founded by Castillo.

Before he occupied that same portfolio Juan Cadillo, relieved of the position by Castillo, as he said, through a WhatsApp message, he was one of the seven ministers who left last October 6 when Mirtha Vásquez took the reins of the cabinet after the resignation of a highly questioned Guido Bellido.

The first to have to leave office was Héctor Béjar. Castillo’s former head of Foreign Affairs resigned just a few weeks after being chosen to head the Peruvian diplomacy after the political and media pressures he received for some statements made in February 2021. He accused the Navy and the CIA of being responsible for terrorism.

After him came the Bellido, as mentioned earlier, who led Castillo’s government team for two months, enough time to deal with criticism from the opposition, which accused him of lack of preparation, and the Prosecutor’s Office, which opened a series of investigations against him for allegedly defending terrorism.

Bellido, for some the voice of the head of Perú Libre, Vladimir Cerrón, in that cabinet, threatened to dissolve the Congress if the agrarian reform was not approved, he clashed with Óscar Maúrtua, of Foreign Affairs, for his differences regarding Peru’s relations with Venezuela. Castillo had to publicly deny his statements about nationalizing some companies.

Among the most questioned was also the former Minister of Labor, Iber Maraví, who had to appear before Congress at the end of September to answer for the accusations that linked him to terrorist groups, a charge, on the other hand, recurrent on the part of the opposition against Castillo and his followers.

He did not achieve parliamentary endorsement and was replaced by Betssy Chávez in the Vásquez cabinet.

They were followed by the former Minister of the Interior, Juan Carrasco, questioned for an alleged intervention of the Police in the Directorate against Terrorism; Iván Quispe, head of the Ministry of Production; and the questioned Iván Merino, of Energies and Mines, who after Bellido’s departure had no place in Vásquez’s team, who also did not count on Ciro Gálvez, until then in Culture.

The other most notorious cases came with Vásquez already at the head of the cabinet. Luis Barranzuela, who had replaced Juan Carrasco as head of Interior, resigned on November 2 after it was revealed that he had held a party at his home, thus skipping the restrictions imposed by the pandemic.

However, in his resignation letter, he rejected “the false accusations” about him. He was replaced by Avelino Guillén.

The subsequent considerable controversy involved Walter Ayala, who was accused of pressure to force specific promotions in the Armed Forces. The Attorney General’s Office opened an investigation against him and against the Secretary-General of the Presidential Office, Bruno Pacheco, who resigned shortly after. President Castillo has been questioned as a witness.

His replacement was not exempt from controversy either, as Juan Carrasco, the former Interior Minister. Finally, and before Gallardo left the Ministry of Education, Roger Incio, barely a month at the head of Production, went his post to Jorge Prado.

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