Home Latin America Peru’s Castillo Rattles Andean Country With New Cabinet Shake-Up: Reuters

Peru’s Castillo Rattles Andean Country With New Cabinet Shake-Up: Reuters

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Peru’s Castillo Rattles Andean Country With New Cabinet Shake-Up: Reuters
Peru's Prime Minister Mirtha Vasquez arrives to face a critical vote of no confidence by the opposition-led Congress in Lima, Peru, November 4, 2021. REUTERS/Sebastian Castaneda/File Photo. Courtesy Reuters.

LIMA, Jan 31 (Reuters) – Peruvian President Pedro Castillo said on Monday that he would replace Prime Minister Mirtha Vasquez and shuffle his center-left Cabinet, while it was unclear whether his investor-friendly finance minister would continue in his post.

Vasquez said on Twitter she had resigned “due to the impossibility of reaching consensus to benefit the country.”

Castillo, a member of a Marxist-Leninist party, will now nominate his third Cabinet in just six months in office, which will require confirmation from the opposition-led Congress.Report ad

It was not immediately clear if Castillo would remove Finance Minister Pedro Francke, who is popular with markets and has maintained economic stability in the copper-rich country. He did not respond to a request for comment on his continuity in the job.

What Castillo’s new Cabinet may look like – or when it may be sworn in – remains a wild card. He swore in a far-left Cabinet in July, sending Peru’s sol currency to record lows amid investor concern.


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