What to Make of Peru’s Latest Crisis Under Castillo
Fears of a radical shift by Peru’s president are misplaced, but lack of direction remains a problem.
Yesterday evening, Peruvian president Pedro Castillo swore in a new cabinet, his third in the space of just six months. Particularly concerning to many onlookers was the departure of finance minister Pedro Francke, who had been seen as a guarantee of stability and relative continuity in Peru’s economic policies both at home and abroad. Uncertainty was at an all-time high. What direction would Castillo take this time The answer seems to be none. Castillo’s new cabinet does not represent a considerable shift in his administration’s direction precisely because it already lacked firm...
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