Peruvian President Ollanta Humala appointed central bank director Jose Gallardo to his cabinet as part of an effort to shore up investment as economic growth slows.
Peru President Ollanta Humala’s proposals to shore up private investment amid an export slump would pave the way for faster growth and bolster the country’s creditworthiness, according to Moody’s Investors Service.
Crisologo Quispe says he halted operations at his gold mine in the Peruvian jungle in April after police used dynamite to blow up $350,000 loaders at a nearby site.
Peru kept borrowing costs unchanged after the central bank said it will lower reserve requirements and the government took steps to offset slowing exports.
President Ollanta Humala was in Qatar wrapping up an eight-day visit to the Middle East when his wife, Nadine Heredia, delivered a lethal blow to his fourth cabinet chief in 2 1/2 years.