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Economy & Business - June 2025
PERU: New finance minister appointed
Raúl Pérez Reyes was sworn in as Peru’s new economy and finance minister on 13 May, with his predecessor José Salardi replaced as part of a cabinet reshuffle that also saw the prime minister, Gustavo Adrianzén, and interior minister, Julio Diaz Zulueta, shown the door. Adrianzén’s exit, which came as he faced insurmountable pressure from congress regarding his response to a massacre of gold miners, is a major blow to President Dina Boluarte. However, the replacement of Salardi has had the greater impact on the markets, which viewed him as a safe pair of hands. Peru’s currency and bonds slumped following his exit as investors digested the latest churn at the finance ministry, which has burned through seven ministers since elections were last held in June 2021.
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