Fujimori: what economic risks could contempt of the Inter-American Court generate?

The Inter-American Court of Human Rights (Inter-American Court) has issued a statement, warning that Peru has incurred contempt and has violated the pact with the American Convention by failing to comply with the ruling of the Constitutional Court of Peru and releasing Alberto Fujimori from prison on December 5.

The resolution of the supranational entity is public knowledge and could have an impact on the Peruvian economy, which is already going through a recession.

How does the conflict with the Inter-American Court affect the country’s economy?

According to economist Armando Mendoza, there are no direct sanction mechanisms in economic matters, but the fact that the country has a controversy with the Inter-American Court places it in a position thatthat reflects a loss and dismantling of the institutionality. This, mainly, could affect the relationship with international organizations and bodies, such as the expectation that Peru will be part of the Organization for Economic Cooperation and Development (OECD).

“The most economically and socially developed countries increasingly demand more requirements that not only have to do with the economy, but also with respect for legal agreements, human and environmental rights, decent work, environmental protection, among others,” he warned in dialogue with La República.

In that sense, he indicated that, although the Free Trade Agreements (FTA) would not be directly affected, a feeling of mistrust and precariousness could begin to be generated, at an international level, in the Government of Dina Boluarte, as well as in the future. affect relations with international entities.

It should be noted that Fujimori, who was serving a 25-year prison sentence for the crimes of Barrios Altos and La Cantuta, according to the Public Prosecutor’s Office Specialized in Corruption Crimes, also owes more than S/57 million to the Peruvian State in civil reparations for three judicial processes.