Peru mired in uncertainty as hopes of moderate administration dims ...Middle East

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Peru was mired in uncertainty on Friday as bonds tumbled and the local currency weakened after newly-elected Socialist President Pedro Castillo appointed hard-left Marxist as prime minister while the key post of finance minister remained vacant. Guido Bellido was named prime minister, dimming hopes of a moderate administration. Most of the rest of the cabinet was also sworn in, but the lack of an economy czar is likely to create uncertainty in markets already rocked by a campaign in which Castillo called himself a Marxist-Leninist.

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Last updated : 30 July 2021 clock 06:15 PM

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Peru mired in uncertainty as hopes of moderate administration dims ...Middle East

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