Camisea nationalisation threat may hit Peru's Castillo
Significance Prime Minister Guido Bellido’s threat to nationalise Camisea has further stirred debate at the heart of government, this time about implementing a campaign pledge to this end, notwithstanding the government’s professed aim to create a secure environment for foreign investment. Bellido’s announcement did not have the backing of the cabinet as a whole. Impacts Bellido’s position will suffer if he is seen to backtrack on a key issue contained in Peru Libre’s manifesto. Polarised disagreements within the cabinet will persist. Castillo’s position will suffer from the lack of clear leadership.
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