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Significance The resignations followed police raids on Boluarte’s home in the context of a corruption probe known as ‘Rolexgate’, prompting some legislators to demand her impeachment. The new scandal comes shortly after a package of new constitutional reforms allowing members of Congress to stand for re-election in 2026 either for a restored Senate or the Chamber of Deputies. Impacts Boluarte’s impeachment, which would require 87 votes, is unlikely to prosper. Political uncertainties will complicate governance, both prior to and after the 2026 elections. Increased political strains between Lima and the rest of the country are likely. Foreign investors will remain wary of political instability.
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