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Castillo Advisers Describe Jobs Recovery As Paramount Issue

PERU
  • The paramount issue for Peru's economy is a swift recovery from the mass destruction of jobs last year, while the widening fiscal deficit and recent inflation spike are both temporary, according to economists advising Pedro Castillo, the nation's probable next president. (BBG)
    • The advisers, ex-central bank chief Oscar Dancourt and former World Bank economist Pedro Francke added that the nation's inflation-targeting regime has served the country well and shouldn't be tampered with
    • In their interview they commented that the nation will have no difficulty whatsoever in paying its debts.
    • Both men are potential candidates to become senior policy makers if Castillo forms a government next month.
  • Separately, a judge in Lima rejected a request from prosecutors to send Peruvian presidential candidate Keiko Fujimori to jail for violation of bail conditions. (BBG)
    • Fujimori is accused of money laundering, though hasn't been convicted of anything.
    • The judge, Victor Zuniga, said she broke the terms of her bail by communicating with witnesses in the case. If she breaks bail terms again she'll face prison, he said.
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