International

Lima’s streets tense as Peru leader hints at early elections

Photo: ERNESTO BENAVIDES / AFP

| By AFP | Luis Jaime Cisneros and Ernesto Tovar |

Peru’s new president Dina Boluarte has said she will form a new government Saturday, even as demonstrators pressed on Lima streets for ex-president Pedro Castillo to be freed after an alleged failed coup bid.

Boluarte told journalists that if the situation “warrants it,” the government will consult with Congress on holding an early presidential vote.

She urged those “who are coming out in protest … to calm down.”

Demonstrations continued on Friday, with protesters blocking roads with rocks, logs, and burning tires as they called for early elections.

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The roadblocks interrupted traffic along the southern Pan-American Highway that links Peru and Chile.

Two days after the failure of his coup attempt, Castillo is sharing a detention center with former president Alberto Fujimori at a police base in Lima.

The prosecution accuses this left-wing rural teacher of rebellion and conspiracy, and a high court ordered him into seven days in preliminary detention.

On the streets, meanwhile, the demonstrations continue for the second day and fuel uncertainty about the possibility that Boluarte can conclude her term in 2026, as she herself announced upon taking office.

Hundreds of demonstrators marched through the colonial center of the capital, demanding Castillo’s release.

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“I voted for Castillo, this Congress does not represent us, we want Castillo freed,” Maribel Quispe told AFP, in the march that left the central Plaza San Martin, and included the Prosecutor’s Office on its route to Congress.

“We want them to close this corrupt Congress and free Castillo. He made the decision to close Congress because they wouldn’t let him work,” marcher Sara Medina said.

Several dozen riot police officers closed the avenues that lead to the legislature to prevent the protest from passing through.

The demonstrators burned banners with the image of President Boluarte, shouting “coup leader!”

Earlier Friday, Castillo’s former chief of staff said that the Peruvian ex-president “could have been induced” by drugs to dissolve Congress and does not remember delivering the national address that led to his downfall.

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Congress was supposed to debate Castillo’s impeachment on Wednesday on corruption charges, but the president preempted them by announcing in a televised speech that he was dissolving the assembly and would rule by decree.

“There are indications that the president was forced to read the message of dissolution, and whoever wrote the text did so in order to provide an argument for his removal,” ex-aide Guido Bellido said on Twitter.

Bellido, who visited his former boss at the Lima police base where he is held while under investigation for rebellion and conspiracy, also questioned Castillo’s mental condition.

“The psychological state of P. Castillo when reading the message to the nation shows that he was not in control of his faculties. This suggests that he could have been induced. A toxicological test is urgently needed,” he said.

The former rural school teacher won a shock electoral victory over Peru’s traditional elites in June 2021.

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The charges against him carry a jail term of between 10 and 20 years.

Boluarte, who served as vice president under Castillo, was hastily sworn in as Peru’s first woman president just hours after the impeachment.

However, doubt is mounting over her ability to hold onto the job until the end of her mandate in 2026 in a country prone to political instability that is now on its sixth president in six years.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.