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Presidential Inauguration: Castillo Likely To Announce Cabinet

PERU
  • It is widely expected that President-elect, Pedro Castillo, will announce his cabinet picks later today.
  • The only intention to be made public is that of confirming Julio Velarde in his post as President of the central bank, although a renewed term has not been confirmed.
  • Castillo's rise to the top on Peru's 200th anniversary of independence is hugely symbolic, but he will face huge challenges to unite the country.
  • A political crisis, deepened by the pandemic, will keep the expectations of Castillo's voters high. Political analysts remain sceptical that his efforts to better redistribute wealth could even generate more conflict.
  • His party has 37 out of 130 seats in congress so he will need to seek alliances quickly to survive.
EM BulletHomepagePolitical RiskPolitical Risk BulletBulletEmerging Market News
EM BulletHomepagePolitical RiskPolitical Risk BulletBulletEmerging Market News

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