LIMA, July 30 – Peru’s Pedro Castillo appointed moderate economist Pedro Francke as finance minister late on Friday, an olive branch to rattled markets after the newly-elected president earlier named members of his Marxist Free Peru party to several other cabinet positions.
Prime Minister Bellido earlier in the evening had expressed on Twitter his “full support” for the more moderate Francke, saying they would “work together for the country.” Francke, a close confidant of Castillo and long a favorite for the finance job, a day earlier had left a ceremony to swear in newly appointed cabinet members just minutes before it started, ratcheting up the drama and leaving investors who favored Francke for the job in the lurch.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.