# GlobalSource Partners | A major victory for the President

> Peru's voters approved three of four constitutional reforms proposed by President Martín Vizcarra in a December 9 referendum, by roughly a 4-to-1 margin. The reform creating a Senate was rejected, which ends the chance of a two-chamber Congress. The result strengthens Vizcarra's political position ahead of possible prosecutorial action tied to Odebrecht.

- Date: 2018-12-10 · published 2018-12-10T12:00:00.000Z
- Category: policy · region Peru · magnitude low
- Page: https://feedsoft.ai/events/61846-globalsource-partners-a-major-victory-for-the-president
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

This is a domestic political development with no direct effect on feed-ingredient supply, demand or prices. Any follow-on economic reforms could affect Peru's currency and investment climate over time.

## Sources

- globalsourcepartners.com: https://www.globalsourcepartners.com/posts/a-major-victory-for-the-president/teaser

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.