Dina Boluarte, Peru’s first female president, took office on December 7 in a transition of power that was appropriate for the country’s turbulent political climate. She overthrew her boss and longtime ally, former President Pedro Castillo, with the support of the Congress of the Republic of Peru.
Boluarte, a politician who started out as a lawyer, served as Castillo’s vice president. However, the former president’s ongoing battles with Congress over corruption reached their peak at the beginning of December.
He attempted to dissolve Congress and declared an emergency government to cling to power in the face of the possibility of impeachment. He was then taken into custody on charges of rebellion and conspiracy. She was selected to succeed him as vice president.
The Castillo supporters, who wreaked havoc on the streets, were unimpressed by her initial pleas for peace. Over the following few days, it was reported that at least 32 civilians and 24 police officers were injured.
According to reports, at least six protesters had been shot to death. The military declared that they would safeguard strategic infrastructure. A 30-day nationwide state of emergency had been declared at the time of this writing.
Boluarte, who is 60 years old and is regarded as less flamboyant than her predecessor, has already proposed moving up general elections to 2024 or even December 2023. Her authority is limited because Congress does not have a majority.
Peru has experienced a slew of corruption scandals, impeachment proceedings, and deep division over the past five years, as well as seven presidents and two congresses.
Alberto Fujimori, the former president, is currently serving a 25-year prison sentence for various charges, including commanding death squads. The Odebrecht bribery scandal has led to allegations against or investigations into a number of other former presidents. When police tried to arrest former President Alan Garcia, he took his own life.
While Castillo’s removal may temporarily calm investors, according to some economists Business confidence and investment are likely to decline if Boluarte is unable to break the policy paralysis, which will ultimately impact GDP growth.