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Latest Politics of Peru Stories

2008-10-10 12:10:00

Peruvian cabinet ministers were reported ready to resign Friday over an alleged oil concession scandal, officials said, Prime Minister Jorge del Castillo said they would leave their fate up to President Alan Garcia Perez, who has ordered an investigation. The move also follows a frustrated attempt by the cabinet to explain its decisions before parliament, which has an impeachment motion pending against del Castillo. Energy and Mines Minister Juan Valdivia has already resigned. On Sunday,...

2006-06-05 13:30:21

By Robin Emmott LIMA, Peru (Reuters) - Alan Garcia, Peru's new president-elect, pledges to do what few Latin American leaders have achieved: seduce Wall Street with prudent policies and simultaneously lift millions out of poverty. In a sign of the optimism surrounding Garcia, who aims to atone for his disastrous 1985-1990 presidency, stocks in Lima surged 2 percent on Monday, thrilled by his pledges of strong economic growth and a low budget deficit. Peru's foreign bonds also...


Word of the Day
holluschickie
  • A 'bachelor seal'; a young male seal which is prevented from mating by its herd's older males (mated bulls defending their territory).
This comes from the Russian word for 'bachelors.'
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