In my first post as part of the Foreign Policy Blog Network, I summarized Peruvian President Ollanta Humala’s efforts to appease the markets through pro-business Cabinet appointments. In two well-respected placements, Luis Miguel Castilla became Finance Minister, and Julio Velarde stayed on as Central Bank Head. Humala hoped to marry economic growth with […]
Market analysts and economists can never fully judge the promise of an incoming president, but in Latin America they provide a welcome unbiased gauge for doing so. In the case of Peru, said analysts and economists are confused. The numerical confusion reflects the conflicted vision of President-Elect Ollanta Humala: maintain Peru’s revered economic prosperity while […]