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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPresident Rejects Prime Minister’s Resignation, Announces Cabinet Changes
- Late on Friday, President Pedro Castillo announced, via twitter, that he has rejected the resignation of Anibal Torres and that the Prime Minister would continue working for the country.
- In yet another cabinet re-shuffle, Castillo named economist Kurt Burneo as the new Economy and Finance Minister during a televised ceremony, replacing Oscar Graham who had held the post since February.
- The president made an additional five ministerial changes as follows:
- Miguel Angel Rodriguez Mackay as Foreign Affairs Minister
- Alejandro Salas as Labor Minister
- Geiner Alvarado as new Transport and Communication Minister
- Cesar Paniagua Chacon new Housing Minister
- Betssy Chavez new Culture Minister
- The appointment of Chávez as new Culture Minister is notable given this marks her return to the cabinet, after being impeached as Labor Minister by Congress in May.
- JPMorgan note that Chavez’s appointment is likely to exacerbate the tensions with the Congress, stressing the already very deteriorated relations amid five ongoing investigations on alleged wrongdoing.
- Separately, Peru’s Congress abused power in denying the President Pedro Castillo’s trip to Colombia, where he intended to attend Gustavo Petro’s inauguration, Castillo’s lawyer Benji Espinoza said in an interview.
- Congress is interfering with Castillo’s duties as President, Espinoza remarked.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.