- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Remi Piet: Despite Corruption, the System is Working in Peru
Piet said that President Vizcarra’s dissolution of Congress is an attempt to rehabilitate Peruvians’ faith in their government.
Despite decades of corruption — evidenced by every former president since 1990 being in jail or facing charges — the system is working in the copper-rich country of Peru, according to Remi Piet of Americas Market Intelligence.
Speaking with the Investing News Network, Piet said that recent actions by President Martin Vizcarra, including his dissolution of Congress, are an attempt to rehabilitate Peruvians’ faith in their government, which has been rocked by corruption scandals for years.
“He enjoys support from the army today, he enjoys support from the overall population in dissolving Congress, which was widely unpopular, but obviously he doesn’t have the legitimacy of a ballot that would have brought him to power, so it’s interesting to see his decision and the next steps for Peru.”
Vizcarra was appointed president after Peru’s previous president, Pedro Pablo Kuczynski, stepped down amid corruption charges. There was no one with popular support to replace him, as opposition leaders and congressional members were facing their own corruption charges.
According to Piet, with Peru’s strong history of mining and the industry’s importance to the national economy, the sector was broadly insulated from corruption due to heightened scrutiny and community interest and participation.
Listen to the full interview above, where Piet also offers his thoughts on how Peru has managed to maintain its mantle as the world’s second largest copper producer, despite decades of top-level corruption in an establishment that wasn’t respected by the Peruvian community.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.