Peru Election: President Pedro Castillo faces divided nation after tense poll bottle

Pedro Castillo has finally won a long and tense presidential election. He has a challenge w to mend wounds of a nation that is divided between support for his socialist reforms and fears that he will upend Andean nation's tritional politics and mining.

Castillo is former teacher and son of peasant farmers is set to enter office on July 28, he has received a lot of support from impoverished rural Peruvians who are fed up with political status quo, which has resulted in increased poverty and inequality. Peru's political and corporate elites have been rocked by his ascension, terrified of his promises to rewrite constitution and capture a much larger share of mining revenues from world's second-largest copper producer.

Castillo's ministers will come from various political backgrounds

After Pedro Castillo's election victory was certified on Monday, Danny Castillo, an unrelated supporter of leftist candidate, said, that constitutional change is coming for Peruvians and re will be more poverty, Peru will rise. After a turbulent election campaign, president-elect, who is kwn for his wide-brimmed hat, has called for a truce with Fujimori and hinted that his ministers will come from a variety of political backgrounds.

Peru is in a period of uncertainty says Fitch Ratings

Fitch Ratings said on Tuesday that Peru is in for a period of uncertainty because Castillo has yet to specify key policy priorities, and pandemic's impact is likely to boost state spending and raise debt levels in short term. Castillo's ministration's manment of important sectors like as mining, gas, and communications, its attitude toward private contracts, and its fiscal policy settings would all affect Peru's sovereign rating, which is w rated BBB+ with a negative outlook.

In vember of last year, Peru suffered one of biggest political crises in its history, with three hes of state in a week following a conflict between government and Congress, as well as violent protests that left two people de. 

Out of 130 members of unicameral parliament, 37 will be from Castillo's party. Fujimori's Popular Force party will be second-largest bloc with 24 seats.