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Weekly Report - 22 June 2017 (WR-17-24)

PERU: Economy minister resigns

Peru’s market-friendly economy minister, Alfredo Thorne, has resigned after failing to secure a confidence vote in the Fujimorista opposition-controlled congress. In the first time in decades that congress has forced out an economy minister, Thorne’s departure is a major blow for the minority government led by President Pedro Pablo Kuczynski, which has been struggling to get Peru back on its feet following a recent economic downturn, a heavy local fallout from the Odebrecht bribery scandal, and devastating floods affecting half the country earlier this year.

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