Peru's Prime Minister resigns

Peru`s Prime Minister has resigned only two months after taking office. Mirtha Vasquez has already been sworn-in replacing him.

By James Blears

Peru`s Prime Minister Guido Bellido has quit. It`s been accepted, confirmed and announced by the Country`s President Pedro Castillo.

Bellido`s succinct reason for his swift and premature departure is: "Instability." The President appointed him in July, and he was approved by Congress the next month. President Castillo has thanked Bellido for his work. Bellido says he`s resigned at the President`s request.

Both men are members of the Socialist Free Peru Party. Bellido had been insisting on direct State intervention in economic spheres, arguing that key sectors must be placed in the hands of Government, coming under their remit and their control. This includes and involves the natural gas and hydroelectric sectors. But President Castillo has contradicted this, publically and vocally supporting continuing investment from the private and the international sectors.

He significantly stated: "The balance of power is a bridge between the rule of law and democracy."

Listen to the report by James Blears