Ollanta Humala’s seeks broad appeal with first cabinet choices

President-elect Ollanta Humala used Twitter to announce appointments to key positions in his cabinet, which include several known faces that will ease concerns among investors. His announcement was followed by a statement from his party headquarters in which he proposes a gradual process of changes “without the need to polarize the country.” “Moral superiority consists [...]

INEI: Peru’s economy up 3.63 percent in January

Peru’s economy grew by 3.63 percent in January compared to the same month in 2009, the National Statistics and Information Institute, or INEI, said in a statement. The increase in Peru’s gross domestic product was led by the country’s construction sector, which expanded by 10.17 percent. Construction’s growth in January was due to a strong [...]

New finance minister Valdivieso expected to add social needs to agenda

A veteran International Monetary Fund economist, Luis Valdivieso, was sworn in by President Alan Garcia Monday as Peru’s new finance minister. He succeeds Luis Carranza, who has headed the finance ministry since Garcia’s administration began in July 2006. The news spawned satisfaction in Washington and Wall Street. Peru’s most traded dollar-denominated bond, the <PERUGLB27=RR>, rose [...]