Latin American Economy & Business - July 2017 (ISSN 1741-7430)

June was a month of big changes for Peru’s business community. Amid ongoing worries over sluggish economic growth, the opposition Fujimorista-dominated congress passed a vote of no-confidence in Economy and Finance minister, Alfredo Thorne, forcing his resignation. President Pedro Pablo Kuczynski then asked Prime Minister Fernando Zavala to double-up and look after the economy portfolio, in addition to his existing responsibilities, apparently as an interim measure until a more permanent replacement is found. Despite a giant workload, Zavala has indicated he wants to tweak existing policies to try and inject some more stimuli into the economy.