on Friday announced that the Executive Branch will take the time necessary to analyze the law which allows any citizen to withdraw up to S/17,600 (about US$4,606) from the Private Pension Fund Administration System (AFP), approved at the insistence of Congress.
"What we will do is take our time. We will analyze in detail the law that has been passed at insistence; the Executive Branch will give its opinion on the case at the appropriate moment," he announced.
In this sense, the Head of State pointed out that his administration is evaluating calmly and without haste the measures that could be adopted against the regulation.
When asked if the Executive Branch would file a claim of unconstitutionality before the
Constitutional Court, the top official insisted that his administration continues to analyze calmly a sensitive issue like this one.
The statesman said the convenience is being assessed as well as what negative effects it (the withdrawal of part of the funds) could have "because anyone knows that if a quantity of money is withdrawn in a short time, some kind of disturbance can occur in what is financial stability."
The top official recalled that the Executive Branch —upon vetoing the bill approved by Congress— proposed a series of modifications, but that only two of the three proposals were accepted by the Legislative Branch.
However, the Peruvian leader pointed out that there are three or five Congress members who —instead of being parliamentarians— seem to be "blackmailers" as they propose to file an impeachment motion if the Executive Branch does not do what this group wants.
"Please, that is not a way to do politics and less so in Peru, especially at a critical moment like the one we are in," he remarked.
Mr. Sagasti also recalled that when he was a Congressman, he had proposed a comprehensive reform of the pension system, which should consist of a change in the current system, as well as labor and tax reforms.