Peru ETF Rallies as Political Risks Abate

“I confess that I have not been sufficiently organized, but I am not corrupt,” Kuczynski said in a televised address, the New York Times reports. “I apologize with clarity in my mind and heartbreak if I did not explain my professional conduct.”

Despite dodging a bullet this time around, Kuczynski remains on politically unstable footing as his party has 18 seats in the 130=seat Peruvian Congress, compared to the president’s arch-rival Keiko Fujimori, whom narrowly lost last year’s election and has 71 seats.

“Peruvians. Tomorrow a new chapter in our history begins: reconciliation and the reconstruction of our country,” he tweeted after the vote. “One force, one Peru.”

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