Business, Politics

Former Finance Minister Castilla Appointed Ambassador to US

Former Economy and Finance Minister Luis Miguel Castilla will become Peru’s new ambassador to the United States, local media reported Tuesday.

Castilla’s appointment was confirmed in a resolution published by the Ministry of Foreign Relations, newspaper Gestion reported.

The supreme resolution said the date in which Castilla will be appointed ambassador will be determined in a soon-to-be-published resolution from the government.

The United States is one of Peru’s top trade partners, along with China. Castilla will replace current Peru ambassador to the US, Harold Forsyth.

President Ollanta Humala appointed Castilla as his finance minister shortly after taking office in July 2011.

Castilla, a well-respected economist, had previously served as a deputy minister in the government of ex-President Alan Garcia.

Huamala’s appointment of Castilla to his cabinet helped ease concerns over whether or not the government would continue to implement market-friendly policies.

Castilla was considered one of the most powerful members of Humala’s cabinet and was known to have close ties with the president and First Lady Nadine Heredia.

Castilla left his post in September 2014, replaced by economist Alonso Segura.

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