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Peru’s leftist government will embrace free market, says new PM -Breaking

by Mike Robinson

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© Reuters. Peru’s President Pedro Castillo and Anibal Torres wave after Torres was sworn in as Peru’s new prime minister during the presentation of Castillo’s fourth cabinet, which still needs to be confirmed by the opposition-controlled Congress, in Lima, Peru, Feb

LIMA (Reuters – Peru’s president Pedro Castillo has appointed the latest prime minister. He pledged free-market policies. This was his first public statement on Wednesday. It comes just days after a new Cabinet, which aims to stabilize the Andean nation, was revealed.

Anibal Tores, Prime Minister, stressed that Castillo’s leftist government will encourage strong government to prevent monopolies of economic power.

Torres was previously a justice minister and was selected Tuesday night to be the fourth Prime Minister of the President since his election last July.

Torres declared, flanked at the waist by ministers: “Our policy was the free market and free economic enterprise with the participation state to control monopolies. oligopolies. (other dominant positions)”.

Following the departure of the prior prime minister, heavily criticized over allegations of domestic violence which he denied, the cabinet re-shuffle occurred.

Torres will be seen as Castillo loyalist. He will help the president advance his agenda in an fragmented Congress that is dominated conservative opposition parties.

Oscar Graham, Finance Minister (NYSE:), was a centrist technocrat who worked previously at the central banking. He was retained in the new Cabinet which was a welcome development for both investors and business-friendly supporters.

Torres stated, “They won’t be able label us communists since we haven’t undertaken any actions which align with that policy ideology.”

He stated that the Cabinet will look to strengthen security, as well as South American’s COVID-19 program. This is what he called the key to economic development.

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