Peru’s finance minister tells investors: ‘This is a government of change’

Peru updates

Pedro Francke has been called many things in recent weeks: a moderate in a radical leftwing government, a Marxist who will wreck Peru’s standout free-market economy and a turncoat for accepting the finance minister job in President Pedro Castillo’s administration after initially refusing.

Francke prefers the terms “modern leftist” or “moderate leftist”.

“I’m a leftist who believes that reducing inequality is absolutely fundamental and perfectly compatible with reasonable macroeconomic management,” he told the Financial Times. “The two things can go hand in hand.”

Read more