Francisco Sagasti, Former Interim President of Peru spoke to CGTN Europe. He discussed the challenges faced by Peru's new government, emphasizing the need for the government to reconstitute the capacity of the state to fulfill its basic functions. He highlighted the major deterioration of the state's capacity in areas such as security and education. Sagasti also discussed Peru's economic growth despite political turbulence, attributing it to high prices of raw materials and exported products, as well as the growth of illegal activities and economies. He suggested that the terms of trade and prices of primary products are the main factors contributing to the discrepancy between Peru's political crisis and economic performance.
