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  • 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.