IBOV 176,167 ▲ 0.24% IPSA 10,928 ▲ 0.16% IPC MEX 66,583 ▲ 0.92% MERVAL 3,225,548 ▼ 0.30% COLCAP 2,294.91 ▼ 0.55% BVL PERÚ 56,428.20 ▲ 1.23% USD/BRL5.07▼ 1.23% USD/MXN17.44▼ 0.51% USD/CLP926.25▼ 0.71% USD/COP3,247▼ 0.48% USD/PEN3.39▼ 0.60% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.25▲ 0.29% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 0.46% BRENT 85.00 ▲ 2.04% WTI 79.61 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.12% GOLD 4,060 ▲ 1.56% SILVER 58.97 ▲ 2.31% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.31 ▲ 1.52% PETR4 40.60 ▼ 0.15% VALE3 74.18 ▲ 1.83% ITUB4 43.42 ▼ 0.23% BBDC4 18.50 ▼ 1.44% ABEV3 15.84 ▲ 0.06% BBAS3 20.48 ▲ 1.19% B3SA3 15.39 ▲ 1.79% WEGE3 44.54 ▲ 0.34% PRIO3 56.95 ▼ 0.44% SUZB3 41.38 ▼ 0.27% RENT3 40.31 ▲ 0.27% AZZA3 18.84 ▼ 1.98% CSAN3 3.87 ▼ 0.77% RAIZ4 0.31 ▼ 6.06% PCAR3 2.46 ▼ 5.02% GMAT3 4.00 ▲ 1.52% PSSA3 54.13 ▲ 0.17% CVCB3 1.36 ▲ 8.80% POSI3 3.94 ▼ 1.25% SLCE3 13.72 ▼ 1.08% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.03 ▲ 1.01% CSNA3 5.12 ▼ 2.29% CMIN3 5.08 ▼ 6.79% USIM5 8.26 ▼ 1.43% GGBR4 23.13 ▲ 1.36% ENEV3 26.84 ▼ 0.15% CPFE3 47.23 ▲ 0.83% CMIG4 11.14 ▲ 0.63% EQTL3 40.76 ▲ 1.37% LREN3 14.21 ▲ 0.42% VIVT3 35.48 ▲ 2.16% RAIL3 14.07 ▼ 0.28% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.45 ▲ 1.37% RDOR3 35.92 ▲ 1.01% HAPV3 10.86 ▲ 3.82% FLRY3 16.42 ▲ 1.67% SMTO3 16.11 ▼ 1.59% UGPA3 29.84 ▼ 3.52% VBBR3 33.04 ▲ 0.85% BBSE3 40.29 ▲ 0.02% BPAC11 57.88 ▲ 0.63% CURY3 32.90 ▼ 0.66% AERI3 2.07 ▼ 0.48% VIVARA 23.36 ▲ 1.08% COMPASS 25.24 ▲ 1.90% VAMOS 3.05 ▲ 0.99% SANB11 27.32 ▼ 0.18% ASAI3 8.64 ▼ 0.80% SBSP3 30.30 ▼ 0.23% WALMEX 49.45 ▼ 0.40% GMEXICO 201.00 ▲ 2.77% FEMSA 232.96 ▲ 3.37% CEMEX 22.09 ▲ 1.42% GFNORTE 186.35 ▲ 2.35% BIMBO 56.48 ▲ 1.09% TELEVISA 9.55 ▼ 0.62% AMX 22.88 ▲ 1.28% GAP 390.63 ▼ 4.30% ASUR 277.05 ▼ 0.58% OMA 235.32 ▲ 0.86% KOF 180.42 ▼ 0.69% GRUMA 281.16 ▼ 0.07% KIMBER 38.48 ▲ 0.68% SQM-B 67,270 ▲ 0.09% COPEC 6,120 ▲ 1.04% BSANTANDER 78.60 ▲ 0.51% FALABELLA 5,920 ▲ 0.25% ENELAM 85.06 ▲ 1.02% CENCOSUD 2,050 ▲ 0.49% CMPC 1,081 ▲ 0.32% BANCO CHILE 187.72 ▲ 1.47% LATAM AIR 24.72 ▼ 0.72% YPF 77,475 ▲ 0.39% GGAL 7,960 ▼ 1.49% PAMPA 5,210 ▼ 0.29% TXAR 662.00 ▼ 0.38% ALUAR 950.00 ▼ 1.50% TGS 9,690 ▲ 1.25% CEPU 2,318 ▼ 0.04% MIRGOR 16,700 ▼ 1.76% COME 45.25 ▲ 1.05% LOMA NEGRA 3,530 ▲ 0.93% BYMA 302.75 ▼ 1.78% TELECOM ARG 4,295 ▲ 1.06% ECOPETROL 16.03 ▲ 0.91% BANCOLOMBIA 81.53 ▲ 1.38% GRUPO AVAL 4.91 — 0.00% CREDICORP 390.74 ▲ 0.39% SOUTHERN COPPER 180.99 ▲ 3.70% BUENAVENTURA 30.81 ▲ 3.32% MERCADOLIBRE 1,856 ▼ 0.59% NUBANK 13.87 ▲ 1.43% XP 16.72 ▲ 2.14% PAGSEGURO 9.17 ▼ 1.24% STONE 11.15 — 0.00% GLOBANT 31.46 ▼ 2.07% TECNOGLASS 43.62 ▲ 1.82% GAP AIRPORT 224.00 ▼ 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SILVER 58.97 ▲ 2.31% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.31 ▲ 1.52% PETR4 40.60 ▼ 0.15% VALE3 74.18 ▲ 1.83% ITUB4 43.42 ▼ 0.23% BBDC4 18.50 ▼ 1.44% ABEV3 15.84 ▲ 0.06% BBAS3 20.48 ▲ 1.19% B3SA3 15.39 ▲ 1.79% WEGE3 44.54 ▲ 0.34% PRIO3 56.95 ▼ 0.44% SUZB3 41.38 ▼ 0.27% RENT3 40.31 ▲ 0.27% AZZA3 18.84 ▼ 1.98% CSAN3 3.87 ▼ 0.77% RAIZ4 0.31 ▼ 6.06% PCAR3 2.46 ▼ 5.02% GMAT3 4.00 ▲ 1.52% PSSA3 54.13 ▲ 0.17% CVCB3 1.36 ▲ 8.80% POSI3 3.94 ▼ 1.25% SLCE3 13.72 ▼ 1.08% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.03 ▲ 1.01% CSNA3 5.12 ▼ 2.29% CMIN3 5.08 ▼ 6.79% USIM5 8.26 ▼ 1.43% GGBR4 23.13 ▲ 1.36% ENEV3 26.84 ▼ 0.15% CPFE3 47.23 ▲ 0.83% CMIG4 11.14 ▲ 0.63% EQTL3 40.76 ▲ 1.37% LREN3 14.21 ▲ 0.42% VIVT3 35.48 ▲ 2.16% RAIL3 14.07 ▼ 0.28% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.45 ▲ 1.37% RDOR3 35.92 ▲ 1.01% HAPV3 10.86 ▲ 3.82% FLRY3 16.42 ▲ 1.67% SMTO3 16.11 ▼ 1.59% UGPA3 29.84 ▼ 3.52% VBBR3 33.04 ▲ 0.85% BBSE3 40.29 ▲ 0.02% BPAC11 57.88 ▲ 0.63% CURY3 32.90 ▼ 0.66% AERI3 2.07 ▼ 0.48% VIVARA 23.36 ▲ 1.08% COMPASS 25.24 ▲ 1.90% VAMOS 3.05 ▲ 0.99% SANB11 27.32 ▼ 0.18% ASAI3 8.64 ▼ 0.80% SBSP3 30.30 ▼ 0.23% WALMEX 49.45 ▼ 0.40% GMEXICO 201.00 ▲ 2.77% FEMSA 232.96 ▲ 3.37% CEMEX 22.09 ▲ 1.42% GFNORTE 186.35 ▲ 2.35% BIMBO 56.48 ▲ 1.09% TELEVISA 9.55 ▼ 0.62% AMX 22.88 ▲ 1.28% GAP 390.63 ▼ 4.30% ASUR 277.05 ▼ 0.58% OMA 235.32 ▲ 0.86% KOF 180.42 ▼ 0.69% GRUMA 281.16 ▼ 0.07% KIMBER 38.48 ▲ 0.68% SQM-B 67,270 ▲ 0.09% COPEC 6,120 ▲ 1.04% BSANTANDER 78.60 ▲ 0.51% FALABELLA 5,920 ▲ 0.25% ENELAM 85.06 ▲ 1.02% CENCOSUD 2,050 ▲ 0.49% CMPC 1,081 ▲ 0.32% BANCO CHILE 187.72 ▲ 1.47% LATAM AIR 24.72 ▼ 0.72% YPF 77,475 ▲ 0.39% GGAL 7,960 ▼ 1.49% PAMPA 5,210 ▼ 0.29% TXAR 662.00 ▼ 0.38% ALUAR 950.00 ▼ 1.50% TGS 9,690 ▲ 1.25% CEPU 2,318 ▼ 0.04% MIRGOR 16,700 ▼ 1.76% COME 45.25 ▲ 1.05% LOMA NEGRA 3,530 ▲ 0.93% BYMA 302.75 ▼ 1.78% TELECOM ARG 4,295 ▲ 1.06% ECOPETROL 16.03 ▲ 0.91% BANCOLOMBIA 81.53 ▲ 1.38% GRUPO AVAL 4.91 — 0.00% CREDICORP 390.74 ▲ 0.39% SOUTHERN COPPER 180.99 ▲ 3.70% BUENAVENTURA 30.81 ▲ 3.32% MERCADOLIBRE 1,856 ▼ 0.59% NUBANK 13.87 ▲ 1.43% XP 16.72 ▲ 2.14% PAGSEGURO 9.17 ▼ 1.24% STONE 11.15 — 0.00% GLOBANT 31.46 ▼ 2.07% TECNOGLASS 43.62 ▲ 1.82% GAP AIRPORT 224.00 ▼ 3.77% ASUR 277.05 ▼ 0.58% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.56% FEMSA ADR 133.49 ▲ 3.47% CEMEX ADR 12.69 ▲ 1.93% PETROBRAS ADR 17.90 ▲ 0.08% VALE ADR 14.57 ▲ 2.75% ITAU ADR 8.54 ▲ 0.77% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.10 ▲ 1.14% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 1.89% LATAM ADR 53.31 ▼ 0.04% BTC 64,555 ▲ 3.72% ETH 1,874 ▲ 5.67% SOL 77.21 ▲ 3.14% XRP 1.11 ▲ 4.09% BNB 579.48 ▲ 2.27% ADA 0.16 ▲ 3.61% DOGE 0.07 ▲ 3.48% AVAX 6.65 ▲ 3.19% LINK 8.26 ▲ 4.88% DOT 0.85 ▲ 1.61% LTC 44.67 ▲ 2.72% BCH 236.58 ▲ 0.15% TRX 0.33 ▲ 0.32% XLM 0.18 ▲ 2.21% HBAR 0.07 ▼ 0.08% NEAR 2.03 ▲ 5.70% ATOM 1.56 ▲ 1.30% AAVE 98.62 ▲ 4.51% 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Peru Regional

Tired of politicians, Peruvians skeptical ahead of close presidential election

By · April 8, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – Peruvians will turn skeptically to a close presidential election disappointed by a recurring governance crisis, corruption cases against its last six heads of state, and the collapse of the economy due to the pandemic.

The world’s second-largest copper producer has at least five candidates fighting to advance to an April 11th runoff, with little support as a sign of distrust, while a majority of voters have yet to decide who to back, according to polls released over the weekend.

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Peru has at least five candidates fighting to advance to a runoff election on April 11th, with low support a sign of distrust, while a majority of voters have not yet decided who to back. (Photo internet reproduction)
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Populist Yonhy Lescano, with a left-wing economic and social conservative profile, remains on top with just 12.1% according to the Ipsos firm, with liberal economist and former advisor to several governments Hernando de Soto, leftist Veronika Mendoza, former soccer goalkeeper George Forsyth, and right-wing Keiko Fujimori close on his heels.

The ultra-conservative Rafael López Aliaga, seen as the Peruvian version of Brazil’s Jair Bolsonaro, fell in the polls but could recover considering how volatile voters are.

“It is unprecedented in the history of Peru, since polls have been measured, that so few days before the elections the main candidates in their voting intentions have such a low percentage of support,” Jeffrey Radzinsky, a master in governance and public management, told Reuters.

Peru experienced one of its worst political crises in recent years in November with the removal of a president, the resignation of his successor, and another by Congress’s appointment, after fierce protests that left two dead in the midst of a resurgence of the coronavirus pandemic.

They are waiting for a savior. Although the uncertainty has since dissipated, the country is burdened with investigations of bribery and abuse cases by its leaders, which began in 1990 with the imprisoned former president Alberto Fujimori for violating human rights.

They were followed by Alejandro Toledo, who faces extradition from the United States; Alan Garcia, who committed suicide to avoid capture; Ollanta Humala, who wants to return to lead the country; former banker Pedro Pablo Kuczynski, in house arrest; and the ousted Martin Vizcarra, who is seeking a seat in Congress.

“There is skepticism and a lack of credibility in all politicians; there is no one who will tell you the truth,” said Rosario Chavez, a housewife, while shopping in a crowded Lima market despite restrictions due to the coronavirus.

Peru experienced one of its worst political crises in recent years in November with the removal of a president, the resignation of his successor, and the appointment of another by Congress. (Photo internet reproduction)

Added to this scenario of anger against the political class is a deep economic crisis, the worst in just over three decades with a drop of 11.12% last year, induced by an extensive quarantine in search of curbing the pandemic.

With hospitals saturated with COVID-19 patients, the arrival of vaccines in dribs and drabs, and a record number of infections and deaths in the second wave of the virus, Peruvians’ impotence and disgust towards their leaders seems to be growing.

“Peruvian voters are not only fed up with their politicians,” said political scientist Fernando Tuesta, of the private Pontifical Catholic University of Peru. “But every time the idea is renewed that someone different, who comes from outside politics or who has little experience, can open the way to a certain prosperity, and that has not happened,” the analyst added.

Most of the candidates are well-known personalities who have held public office or business people with electoral experience. Some have burst onto the scene with radical proposals. The first six candidates in the polls, except for the leftist Mendoza, are considered friends of the free market.

Necessary consensus. Uncertainty has hit the local currency, the sol, which trades at historically low levels against the dollar. However, it is also due to the external context amid fears of a pandemic’s global recrudescence.

“Weak support for any candidate and party is resulting in significant uncertainty, which is contributing to the depreciation of the Peruvian nuevo sol,” said a report on Peru last week from rating agency Fitch Ratings.

Sunday’s elections will also choose the 130 members of Congress, which is expected to be highly fragmented with left-wing, right-wing, and even religious positions, a horizon that the next president will have to deal with to reach agreements and implement his political agenda.

“It will not be easy,” said analyst Tuesta. “This is politics; these pacts are for governability and are necessary for democracy,” said Radzinsky.

Added to this anger scenario against the political class is a deep economic crisis, the worst in just over three decades with a drop of 11.12% last year. (Photo internet reproduction)

Some candidates have promised to eradicate corruption in the country of 33 million inhabitants, with proposals for the death penalty for officials who accept bribes or “civil death,” prohibiting them from working in a public entity.

Lopez Aliaga, of Opus Dei, has said he will expel from the country the Brazilian construction company Odebrecht, whose bribery scheme involved the last four governments.

The campaign has been austere, without rallies due to the pandemic’s limitations, although in the main streets of Lima and the country have proliferated huge posters with electoral propaganda. In the only official debate of candidates last week, social networks were filled with jokes about the postulants’ political differences and did not highlight their proposals.

“I don’t believe in politicians because they offer to get to power, (and) being in power the bribes begin. We want new people, one who is not muddy from politics,” said Raul Hernandez, a retiree walking through downtown Lima.

Source: America Economia

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