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7/21/11

Reuters on the new Peru cabinet

Here's the link to a good, comprehensive note out of Reuters a few minutes ago about the new ministerial cabinet of Ollanta Humala. Smart insight as to what all the appointments mean including ramifications for the mining industry, but let's sum it up in just eleven letters: FDI FRIENDLY.

Here's how the note starts, click through for the rest.

(Reuters) - Leftist Peruvian President-elect Ollanta Humala picked more centrists for his Cabinet on Thursday as he tries to reassure investors he will govern as a moderate in one of the world's fastest-growing economies.
To burnish the pragmatic image Humala sought to project during the campaign, he has hired two conservative economists who worked under departing President Alan Garcia and are respected on Wall Street to run the central bank and finance ministry.
Continues here