Nov 17, 2020 - World

Peru names third president in a week

New interim President of Peru Francisco Sagasti speaks outside National Congress on November 16
Peru's new interim President Francisco Sagasti speaks outside the National Congress in Lima on Nov. 16. Photo: Beto Baron/Getty Images

Peru's new interim President Francisco Sagasti said after being elected by lawmakers in Congress Monday that "today is not a day of celebration," per Al Jazeera.

Why it matters: Peru has had three different presidents in one week. The previous interim leader, Manuel Merino, resigned Sunday following deadly weekend clashes between police and demonstrators protesting the ouster of former President Martín Vizcarra, who was impeached last week.

The big picture: Peru had one of Latin America's strongest economies before the coronavirus pandemic. It's expected to face its worst economic downturn in over a century.

Of note: Sagasti's centrist Morado Party voted against Vizcarra's impeachment.

What he's saying: "We cannot go back," said the former World Bank official Sagasti. "But we can take action from Congress, from the executive, so that this does not happen again.”

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