trending Market Intelligence /marketintelligence/en/news-insights/trending/2gQIQe91ZAUGyNDUdnRHcQ2 content esgSubNav
In This List

Peru's president survives impeachment bid


Banking Essentials Newsletter: 7th February Edition


Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Peru's president survives impeachment bid

Peruvian President Pedro Pablo Kuczynski will remain in office after the opposition failed to secure the number of votes needed in Congress to force him out of power, media reports said.

Lawmakers in Peru's unicameral 130-seat congress voted 78 to 19 in favor of Kuczynski's impeachment, but the votes fell short of the 87 required to oust him, the Financial Times reported. The Peruvian leader also survived thanks to 21 abstentions and 10 lawmakers who failed to show up to the Dec. 21 congressional session, Reuters said.

The right-wing populist party Popular Force had sought to oust Kuczynski on grounds that he was "morally unfit" to stay in power amid allegations that he received bribes from Brazilian construction company Odebrecht.