Pedro Castillo: Left-wing rural teacher becomes Peru's president, promising a new constitution

Pedro Castillo: Left-wing rural teacher becomes Peru's president, promising a new constitution

7/29/2021 1:07:00 AM

Pedro Castillo: Left-wing rural teacher becomes Peru's president, promising a new constitution

Pedro Castillo, who faces a divided congress and a coronavirus-ravaged economy, says he is seeking a 'new pact' with private investors.

pandemic. Economic gains made over the last decade have been eliminated.Private companies are fearful that Mr Castillo will hike taxes on mining to fund health and education reforms.Please use Chrome browser for a more accessible video playerPedro Castillo's family leave behind rural life

Gabby Petito: Police release bodycam footage of missing Florida woman as search continues Prince William launched Earthshot Prize so he 'could look his children in the eye' on climate change Violence against women should be prioritised in the same way as terrorism, report finds after Sarah Everard murder

But on the day of his inauguration, he said there was"not the remotest" plan to nationalise industry.He will be seeking a"new pact" with private investors, however.In a speech shortly after being sworn in, he said he wanted the state-owned bank to compete with private lenders but that he would maintain economic"order and predictability".

He faces a divided Congress, meaning his political abilities will be tested from the start.Image:Mr Castillo receives the presidential sashClaudia Navas, an analyst with the global firm Control Risks, said his government begins amid"considerable uncertainty".

She added:"We still do not have clear his main lines of policy. However, we foresee that possibly, due to the characteristics of the Peruvian political system and the current general political and economic situation of the country, that Castillo will maintain a more pragmatic position than he announced during the campaign.

Read more: Sky News »

UK Army officers tell of 'chaotic' Afghan evacuation

The senior British commander in Kabul speaks for the first time about the UK's evacuation operation.

he ha nince speech , constiion , and a sombrerora hat No more poor in a rich country .... how does that work. ? It's socialism... We just make it a poor country La Nueva Venezuela se fastidiaron los peruanos 'No more poor in a rich country' sounds like an awesome way to start your presidency. I hope he can deliver :)

What is the Lambda COVID variant and is it in the UK?Everything you need to know about the new COVID Lambda variant which is dominant in Peru, from whether or not it's in the UK to typical symptoms.

Blackout warning: Drivers must charge electric cars off-peak to avoid overstretching National GridGovernment urged to prevent rural areas becoming electric vehicle 'not spots' and to make public charging as cheap as plugging in at home

Partygoers in Fort Worth STONE gunman to death with landscaping bricksThe gunman, who has not been named, was at the house party in the Como neighborhood of Fort Worth, Texas, on Sunday night when he reportedly became upset and left. Texas. 🙄

Dad dating daughter's ex admits 'I wanted to rip his clothes off straight away'Barrie Drewitt, who made headlines with his partner Tony when they became dads to twins via surrogate in 1999, is now in a new relationship, with his daughter's 'ex' calls jeremey kyle sick how delightful

Love Island's Liam upsets fans as he kisses four Casa Amor bombshells in dareLove Island fans were left 'disappointed' with Liam Reardon on Monday's episode after he kissed several of the new Casa Amor bombshells in a dare despite being partnered with Millie Court

Royal Family ‘none too pleased’ after Prince Harry’s bombshell book announcementTHE ROYAL FAMILY was left 'none too pleased' after Prince Harry announced his new book deal, it has been claimed. Spierdalac Well let him hurry up and get the bloody thing written so we can stop hearing this tripe. There will be nothing fascinating about it because we’ve heard in several different formats already. He may write 4 world bestsellers in a row. He will be awarded the Nobel Prize for Literature. He owes everything to his intelligence.😉