International

The president of Peru calls on opponents to establish “a pact for governance”

The president of Peru, Dina Boluarte, invoked her political opponents this Sunday to establish “a pact for the governance” of her country that allows, as she said, to fulfill “the historical responsibility” of meeting the needs of the 33 million Peruvians.

“Away from the voices that divide, that expect us to give up, that we go back on this road for the struggle for the progress of the homeland, he invoked a pact for Peru, a pact for governability, for democracy,” Boluarte said during a ceremony held at the Government Palace of Lima.

The president made this approach two days after the plenary of Congress refused to admit to processing three motions for vacancy (dismissal) that had been presented against her by opposition legislators, mostly from left-wing political groups.

Boluarte added that “a divided, intolerant country, even if it is a minority group that moves these aspects that I indicate, affects unity.”

“The country demands the unity of its authorities to move forward,” he emphasized.

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The head of state also remarked that “all” politicians have “a historical responsibility with the more than 33 million Peruvians.”

“Therefore, work in unity, as I always say, in a single patriotic heart, will make our homeland bigger, and that within it Peruvians have greater rights,” he concluded.

Last Friday, the Prime Minister of Peru, Gustavo Adrianzén, said that the Executive “will not allow governance to be broken in his country,” referring to the three motions of dismissal presented against Boluarte.

“We tell that small group of benches and parliamentarians that they are not going to make it, that we are not going to allow someone to want to break the governance of the country to lead us to instability and chaos,” he said.

The three motions, which were rejected by a simple majority, called for the dismissal of Boluarte for an alleged moral inability to exercise the head of state and demanded that he offer explanations for the latest complaints that have been made against him, which are also investigated by the Prosecutor’s Office.

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Among the arguments was an alleged “abandonment from office,” which a journalistic complaint pointed out by Boluarte for 12 days between the end of June and the beginning of July 2023 to undergo alleged aesthetic procedures.

Also, his alleged involvement in the investigation against one of his brothers, Nicanor Boluarte, by deactivating a police team that supported a prosecutor’s group that specifically prosecutes the crimes of corruption committed by senior public officials a day before his preliminary arrest.

In this case, the Public Ministry opened a preliminary investigation of the president for the alleged commission of the crime against the administration of justice, in the form of personal cover-up.

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.