Free Trial

Presidential Inauguration: Castillo Likely To Announce Cabinet

  • 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.

To read the full story



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.