Peru

    • Marxist-Leninist party's candidate wins presidential election in Peru

      Marxist-Leninist party's candidate wins presidential election in Peru

      Marxist village schoolteacher Pedro Castillo won Peru's presidential election, news wires reported. Electoral authorities released the final official results more than a month after the runoff election took place in the South American nation. The candidate of the Marxist-Leninist Peru Libre party received 50.12% of the vote to right-wing populist Keiko Fujimori's 49.87 per cent in the June 6 election, according to the country's electoral body ONPE. Castillo winner of the close run off race after weeks of complaints and appeals, mostly from the Fujimori camp.

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    • Chile, Peru secure credit lines from IMF amid pandemic

      Chile, Peru secure credit lines from IMF amid pandemic

      The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic. The announcement came a day after Peru secured a two-year, $11 billion credit line, and as Latin America becomes a growing hotspot for COVID-19.

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