Former President Warns of Economic Threat to Peru

Wall Street Journal, Apr 13, 2018
by Ryan Dube

LIMA, Peru—The political turmoil that led Peru’s Pedro Pablo Kuczynski to resign is hurting investor confidence and threatening to slow growth in one of Latin America’s strongest economies, the former president said.

Mr. Kuczynski, a former World Bank economist, stepped down as he was facing a second impeachment vote over allegations of corruption, which he denied.

In his first interview since leaving office last month, Mr. Kuczynski warned the attempts to oust him from office set a bad precedent for the Andean nation as his successor, Martin Vizcarra, looks to stimulate the economy with investments in infrastructure.

“By pushing for an unconstitutional impeachment of the president, you put this whole situation at risk,” said Mr. Kuczynski, 79 years old. “What will happen next?”

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