Peru's Fujimori Names Elmer Cuba as Finance Minister
Keiko Fujimori is Peru's president-elect. She named Elmer Cuba as Finance Minister.
Cuba will lead her economic plans. The news came one day before Fujimori's swearing-in as president.
Cuba helped start the firm Macroconsult. He also works there as a consultant.
He led Peru's Central Reserve Bank from 2016 to 2021. Fujimori also named Luis Galarreta as prime minister.
She named Carlos Espá as foreign minister. Cuba said his first job would be checking new spending laws.
He said this would help protect the country's finances. Fujimori has promised to focus on security and investment. This appointment shows she wants strong economic management.
Klear Note — Peru's Finance Minister leads the country's money and spending plans. This role is key to managing the economy and government budgets.
Key Terms 3
- Finance Minister Leader in charge of a country's money and economic plans.
- Central Reserve Bank Peru's national bank that manages money and interest rates.
- Macroconsult An economic research and consulting firm in Peru.