LIMA (Reuters) – Peru’s constitutional court plans to require the government to finally honor land reform bonds it issued 40 years ago but in most cases never paid, a ruling that could be worth billions of dollars to bondholders in Peru and abroad.
The court’s president, Ernesto Alvarez, said the ruling will probably come out “in the next three months” and would aim to clear up a bitter chapter in Peruvian history.
LIMA (Reuters) – Hundreds of hospital managers have resigned from Peru’s public health service in solidarity with striking doctors who accused President Ollanta Humala on Thursday of ignoring their demands for a bigger share of a record fiscal surplus.
The resignations, in support of the lingering strike by 11,000 doctors in the nation’s health system, underscore growing criticism of the government over its inability to negotiate labor accords and forestall closures of hospitals and schools.
LIMA (Reuters) – The political arm of Peru’s brutal Shining Path insurgency was largely dormant for two decades but it is now rebuilding, hoping it can take advantage of disappointment on the left over President Ollanta Humala’s swing to the right.
To recruit new members to the Maoist group, Movadef, as the political wing is known, is organizing in poor neighborhoods, holding rallies, performing theater, and forming clubs at universities.
LIMA, Sept 11 (Reuters) – The political arm of Peru’s brutal
Shining Path insurgency was largely dormant for two decades but
it is now rebuilding, hoping it can take advantage of
disappointment on the left over President Ollanta Humala’s swing
to the right.
To recruit new members to the Maoist group, Movadef, as the
political wing is known, is organizing in poor neighborhoods,
holding rallies, performing theater, and forming clubs at
LIMA, July 28 (Reuters) – President Ollanta Humala vowed on
Saturday to ramp up social spending for the poor as he tries to
spread the benefits of an economic boom to all Peruvians and
defuse conflicts over mining that have marred his term.
Humala, in an annual address to Congress just days after
anti-mining protests prompted him to shuffle his cabinet for the
second time in his year-old government, said he would extend the
rollout of social programs in a bid to cut the nation’s poverty
rate to 15 percent by the end of his term in 2016.
LIMA (Reuters) – Peruvian lawmakers on Thursday harshly criticized President Ollanta Humala’s crackdown on protests against Newmont’s $5 billion Conga mine, as deadly violence prompted calls for him to shuffle his Cabinet.
A fifth protester died on Thursday after two days of clashes with police as left-wing leader Marco Arana, a soft-spoken former Roman Catholic priest who has rallied demonstrators to stop construction of the biggest mine in Peruvian history, was released from police custody a day after a video aired on local TV showed him being detained and beaten by police.
LIMA (Reuters) – Peru threatened to arrest pregnant women who marched on Tuesday against a $4.8 billion gold mine, prompting critics to ridicule the government over its latest heavy-handed tactic to quash anti-mining protests.
Ana Jara, Peru’s minister of women and vulnerable populations, said pregnant protesters would be putting their unborn babies at risk by going to a rally against the mine U.S.-based Newmont plans to build in the northern region of Cajamarca. She accused organizers of using pregnant women as shields to prevent police from breaking up protests now stretching into their 20th day.
LIMA, June 5 (Reuters) – Three legislators have quit
President Ollanta Humala’s Gana Peru party and more departures
are possible as his crackdown on anti-mining protests and drift
to the right erode his working majority in Congress.
The departing lawmakers on Tuesday accused Humala of
spurning traditional allies on the left, courting big business
and – most importantly – using force instead of mediation to
quell vexing social conflicts over the spoils of mineral wealth.
LIMA (Reuters) – Fallout from debt woes in Europe will pale in comparison to the meltdown of Lehman Brothers in 2008 and intense market volatility could force policymakers to agree on fixes faster, Peru’s central banker said on Thursday.
Strong and liquid Latin American banks have opportunistically responded to the turmoil by buying loan portfolios from their European peers at deep discounts, like in a “Persian bazaar,” Central Bank President Julio Velarde told the Reuters Latin America Investment Summit.
LIMA, May 30 (Reuters) – Peruvian police on Wednesday
arrested the mayor leading a protest against global miner
Xstrata, as President Ollanta Humala cracks down hard to end
conflicts over natural resources.
In an unusual display of force, dozens of riot police in
helmets and carrying plastic shields stormed the municipal
building in the town of Espinar in the mountainous southern
region of Cusco to pull Mayor Oscar Mollohuanca from his office.