Peru's new prime minister says redrafting the constitution is not a top priority

Published: Oct 11, 2021 09:44
[Peru's new prime minister says redrafting the constitution is not a top priority.] Peru's new prime minister, Mirta Vasquez, says redrafting the country's market constitution is not currently a priority for the government, although it is a key campaign commitment. "at present, the government has not proposed to amend the constitution, nor will it do so overnight," Vasquez said on Friday. "the most important thing now is to deal with the pandemic, especially to create economic stability."

Peru's new prime minister, Mirta Vasquez, says redrafting the country's market constitution is not currently a priority for the government, although it is a key campaign commitment.

"at present, the government has not proposed to amend the constitution, nor will it do so overnight," Vasquez said on Friday. "the most important thing now is to deal with the pandemic, especially to create economic stability."

Vasquez, a former president of Congress, is the second person to become prime minister under President Pedro Castillo, who has been in office for only two months.

She is a left-wing politician but is considered more moderate than her predecessor who resigned earlier this week. Nor does Vasquez belong to the Marxist-Leninist Liberal Peruvian Party to which Castillo belongs.

Her comments will further reassure investors spooked by Castillo's campaign promise to redraft Peru's pro-market constitution.

She also shows that the Castillo government is moving away from the more left-wing ideas supported by the Liberal Peruvian Party, which believes that constitutional changes may be its most important proposal.

Peru's currency and stock exchanges rose after Vazquez was appointed prime minister.

Vladimir Theron, chairman of the Free Peruvian Party, said on Twitter earlier Friday that he was not satisfied with the new cabinet because, in his view, it "will be a space to defend the status quo."

Vasquez is a lawyer who has clashed with large mining companies on behalf of indigenous communities, including a landmark case against Newmont's Yanakocha gold mine.

However, she said the Castillo government would support mining, the main source of tax revenue in the country, the world's second-largest copper producer.

"one of our most important bets is the use of resources and activities such as mining," she said. "

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Feb 6, 2026 23:56
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
Feb 6, 2026 23:56
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Feb 6, 2026 23:54
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
Feb 6, 2026 23:54
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Feb 6, 2026 23:47
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
Feb 6, 2026 23:47
Peru's new prime minister says redrafting the constitution is not a top priority - Shanghai Metals Market (SMM)