Latest news with #Salardi
Straits Times
13-05-2025
- Business
- Straits Times
Peru swaps out economy minister in surprise move
LIMA - Peruvian President Dina Boluarte on Tuesday shook up her cabinet, replacing the Andean nation's economy minister after just a few months and the day before her prime minister was to face a censure vote in Congress. Economy Minister Jose Salardi, who assumed the post in January, was succeeded by Transportation Minister Raul Perez, who told journalists after being sworn in that he would meet with Salardi "to go over the agenda." The reshuffle came a day before Prime Minister Gustavo Adrianzen was set to face a censure vote in Congress after calls for his resignation over rising crime and the recent kidnap and killing of 13 miners. Boluarte did not provide a reason for replacing Salardi. Perez becomes her fourth economy minister since she took office in December 2022. Business groups had warned Salardi, who boosted public project tenders and attracted investment, could be ejected. "We expect continuity in economic policy with the new minister," Jorge Zapata, president of Peru's main private business association CONFIEP, said in an interview with local television station Canal N. Luis Castilla, who served as economy minister more than 10 years ago, said analysts were concerned that the change could lead to increased public spending, putting fiscal targets at risk, especially as the government faces a credibility crisis. Boluarte's popularity has dropped to historic lows, with a poll released this week putting it at 2%. "There will be a push to spend more than what's sustainable," Castilla warned. Boluarte on Tuesday also replaced her interior minister, Julio Diaz, whose stint as minister lasted less than two months. Carlos Malaver, who previously headed the ministry's anti-crime division, will take his place. The change came less than a year before Peruvians go to the polls to elect a president and members of Congress. Presidential reelection in the Andean country is prohibited by the constitution. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Reuters
24-02-2025
- Business
- Reuters
Peru will be the second fastest growing Latam economy in 2025, says minister
Feb 24 (Reuters) - Peru is expected to rank as the second fastest growing economy in Latin America during the year, economy minister Jose Salardi said on Monday during a press conference. Salardi pointed to fiscal improvement and foreign investment as some of the factors helping to support the growth of the South American country's economy. Peru is bouncing back from an economic recession, with the government and central bank forecasting positive prospects for 2025, with fewer inflationary pressures and an investment recovery.
