• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, October 11, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Peru’s congress names Francisco Sagasti as third president in a week

thevaultzby thevaultz
November 17, 2020
Reading Time: 3 mins read
thevaultzby thevaultz
in America
0
Peru’s congress names Francisco Sagasti as third president in a week

Peru's new president, Francisco Sagasti. Image: Reuters

Peru’s Congress has elected Congressman Francisco Sagasti as the country’s new interim president – the country’s third head of state in a week.

The appointment of the 76-year-old engineer and academic, who will lead the country until the presidential election next year is expected to soothe a sharp political crisis after angry protests and the departure of two presidents in the past week.

People waved the nation’s red-and-white flag and blared horns outside the gates of Congress as Mr Sagasti, from the centrist Morado Party, won enough votes to head Congress.

RelatedPosts

Argentina’s Milei Wins Genesis Prize For Israel Support

U.N. Appeals For $46M To Feed Haitians

Bird Flu Outbreak Halts Brazil Poultry Exports

ADVERTISEMENT

He takes over from interim leader, Manuel Merino who resigned five days after being sworn in following the impeachment of ousted Martin Vizcarra.

The removal of Vizcarra, who was popular with many Peruvians but angered legislators with his push for anti-corruption measures and attempts to curb parliamentary immunity, sparked days of protests that led to the deaths of two men.

“Today is not a day of celebration,” the newly elected Sagasti said in his first words after taking office in Congress. “We cannot go back, bring them back to life, but we can take action from Congress, from the executive, so that this does not happen again.”

Sagasti, a former World Bank official and engineer also faces a formidable challenge to bring stability to Peru, which was already hard hit by COVID-19 and heading for its worst economic contraction in a century.

He received 97 votes in favour with 26 against, and is set to be in office until July 2021 and see to holding of general elections on April 11.

People celebrate
Peruvians celebrate the appointment of Francisco Sagasti. Image: Reuters

Crowds in Lima’s central plaza greeted his appointment with jubilee. He was also immediately welcomed by international leaders including Organization of American States Secretary-General, Luis Almagro.

“We trust in his capacity to guide the country through this crisis until the next presidential election,” Almagro wrote on Twitter.

Ousted President, Vizcarra also wished the new president well tweeting, “I congratulate Francisco Sagasti on his election as President of Parliament. Only a person with democratic principles will be able to face the difficult situation that the country is going through.

ADVERTISEMENT

The president of the Peruvian chapter of Transparency International, Samuel Rotta told reporters that, “What’s at stake is taking a first step toward rebuilding confidence between the people and the state.

“People on the streets, in their homes, on their balconies and on social media are very, very upset. Peru is a country with high levels of mistrust. Politicians profoundly aggravated that.”

Every living former president has been accused or indicted with corruption-related charges in Peru. Also, half of Congress is also under investigation for crimes ranging from money laundering to homicide.

There are concerns of a growing political crisis as Peru faces a severe economic downturn brought on by the coronavirus pandemic.

It has so far reported nearly 935,000 infections and more than 35,000 deaths, according to Johns Hopkins University – making it the country with the third highest rate of deaths per 100,000 people in the world.

Read Also: Peru’s interim president Merino resigns in less than a week amid protests

Please login to join discussion
Previous Post

The key to integrating sex toys into a relationship is open

Next Post

COVID-19; an opportunity to reform, renew and strengthen the trading system – DDG Agah

[mc4wp_form id="1264"]

Related Posts

Political Interests Derailing Ghana’s Fight Against Galamsey
General News

Security Consultant Urges Hotline, Political Courage in Galamsey Fight

October 11, 2025
Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms
Economy

Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms

October 11, 2025
Professor Stephen Kwaku Asare
General News

The More Lawyers, the Better for Rule of Law – Professor Asare Insists on Expansion of Legal Education

October 11, 2025
RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher
Africa

RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher

October 11, 2025
GoldBod’s New Aggregation System Targets Smuggling, Boosts Exports 
Extractives/Energy

GoldBod CEO Rejects Claims of Buying Gold from Illegal Miners

October 11, 2025
Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025
Banking

Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025

October 11, 2025
Political Interests Derailing Ghana’s Fight Against Galamsey
General News

Security Consultant Urges Hotline, Political Courage in Galamsey Fight

by Silas Kafui AssemOctober 11, 2025
Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms
Economy

Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms

by Stephen M.COctober 11, 2025
Professor Stephen Kwaku Asare
General News

The More Lawyers, the Better for Rule of Law – Professor Asare Insists on Expansion of Legal Education

by Evans Junior OwuOctober 11, 2025
RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher
Africa

RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher

by Comfort AmpomaaOctober 11, 2025
GoldBod’s New Aggregation System Targets Smuggling, Boosts Exports 
Extractives/Energy

GoldBod CEO Rejects Claims of Buying Gold from Illegal Miners

by Prince AgyapongOctober 11, 2025
Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025
Banking

Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025

by Stephen M.COctober 11, 2025
Political Interests Derailing Ghana’s Fight Against Galamsey
Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms
Professor Stephen Kwaku Asare
RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher
GoldBod’s New Aggregation System Targets Smuggling, Boosts Exports 
Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025
[/vc_row_inner]

Recent News

  • Security Consultant Urges Hotline, Political Courage in Galamsey Fight
  • Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms
  • The More Lawyers, the Better for Rule of Law – Professor Asare Insists on Expansion of Legal Education
  • RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher
  • GoldBod CEO Rejects Claims of Buying Gold from Illegal Miners
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.