Country Risk

Likelihood of Peruvian president’s ousting increases following confirmation of past links with Brazilian construction company Odebrecht

18 December 2017


President Pedro Pablo Kuczynski denied on 17 December that he had engaged in corrupt practices or lobbied for business on behalf of Brazilian construction firm Odebrecht, which is currently the subject of corruption investigations across the continent, but apologised for not having better publicly explained his links with the firm.

Kuczynski's comments came as Congress, controlled by the opposition Fujimorista Popular Force (Fuerza Popular: FP), will decide on 21 December whether to debate his possible dismissal on grounds of “moral incapacity”. Odebrecht reported to the Peruvian Congress that it had transferred USD4.8 million to two consulting firms linked to Kuczynski between 2001 and 2007.

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