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Montevideo, September 26th 2020 - 00:08 UTC

 

 

Peruvian opposition want to sack the economy minister in the midst of the country's worst plunge

Friday, September 11th 2020 - 08:33 UTC
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If Congress agre, María Antonieta Alva, a 35-year-old, Harvard-trained public official, who has been a key figure in the administration, would be forced to resign. If Congress agre, María Antonieta Alva, a 35-year-old, Harvard-trained public official, who has been a key figure in the administration, would be forced to resign.

Peruvian opposition lawmakers filed a censure motion to oust the government’s economy minister, underscoring political tensions as the country rides out its deepest economic plunge in decades due to the coronavirus pandemic.

If accepted by Congress and passed in a vote by lawmakers, María Antonieta Alva, a 35-year-old, Harvard-trained public official, who has been a key figure in the administration of President Martin Vizcarra, would be forced to resign.

Lawmakers have squabbled over the government’s handling of Peru’s mining-driven economy during the pandemic, which has hit the South American country particularly hard despite a huge rescue package spearheaded by Alva.

The economy, which tumbled 30% in the second quarter of the year, is expected to contract 12% this year, the government said in August, after most operations ground to a halt in March.

Peru has the second-highest number of COVID-19 infections in South America, behind Brazil, and the worst fatality rate per capita in the world.

Alva faced a grilling by Congress in the past week over the government’s economic reactivation program, which is equivalent to almost 20% of GDP, one of the region’s most aggressive.

Critics said the plan, which included social bonds and credit plans for struggling companies, did not go far enough to help small businesses.

Categories: Economy, Politics, Latin America.

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