Pedro Pablo Kuczynski has resigned as Peru's President
"In the face of this hard situation that has developed and has unjustly made me appear guilty of acts that I have not participated in, I think the best thing for the country is that I resign as President of the Republic", he said.
Supporters welcomed him at the airport with a large cake in the red and white colours of Peru's flag celebrating his 55th birthday on Thursday.
His 15-minute inaugural speech was short on specifics.
A last-minute hitch had threatened to delay the transition of power.
Kuczynski said in a tweet that the proposed language of a congressional resolution approving his resignation is "unacceptable", and if lawmakers pressed forward with the wording he would reverse his decision to quit, forcing congress to go forward with plans to try and impeach him.
The language was ultimately removed. But congress nonetheless rebuked Kuczynski, 79, scolding him for a "political crisis that is the result of wrongful acts that the president himself has committed", according to the final text of the resolution.
But shortly before Vizcarra's swearing-in at 1700 GMT, the Congress voted 105-11, with four abstentions, to accept Kuczynski's resignation, which he had offered Wednesday when it became clear he could not survive an impeachment vote.
23 de marzo de 2018, 16:54Lima, Mar 23 (Prensa Latina) Incumbent Peruvian President Martin Vizcarra took office today and, in a hard context, he cut himself off from his dismissed predecessor and called for social unity against corruption and respect for all powers, at a Parliament with majority from the opposition.
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The company has admitted to paying $800 million in bribes to officials around Latin American in exchange for public works contracts, including $29 million in Peru.
The opposition Popular Force party led by Keiko Fujimori has lost seats in congress: Her brother and a small faction of lawmakers abandoned the party following Kuczynski's pardon of the feuding siblings' father, former President Alberto Fujimori.
"We will be very firm in combating actions that go against the law, no matter where, no matter what the cost. with a steady hand", Xinhua quoted Vizcarra as saying in his first national address after being sworn in by the head of parliament. A poll taken in March showed that 81 percent of Peruvians did not recognize his name.
He has denied any wrongdoing. His only previous experience in public office before becoming vice-president in 2016 was as governor of Peru's second-least populated province.
The new president's first test on the global stage will come in three weeks when he is due to host President Donald Trump and other Western Hemisphere leaders at the Summit of the Americas in Lima.
"A new president always brings new hope, the possibility that something good can happen, that he will be able to solve daily problems", he said.
Vizcarra will nearly immediately be thrust onto the worldwide stage when Peru hosts the Summit of the Americas from April 13 to 14 - an event the foreign ministry confirmed was still on. Department spokeswoman Heather Nauert praised Peru for its "constitutional transfer of power".
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