Peru's Roberto Sanchez Softens Economic Agenda, Taps Francke Before June 7 Runoff
Updated
Updated · Reuters · Jun 4
Peru's Roberto Sanchez Softens Economic Agenda, Taps Francke Before June 7 Runoff
3 articles · Updated · Reuters · Jun 4
Summary
Pedro Francke, a former economy minister seen as market-friendly, has joined Roberto Sanchez’s team as the leftist candidate shifts to reassure investors before Peru’s June 7 runoff.
Sanchez, 57, has recently said pushing unviable policies is not sensible, tempering earlier proposals to rewrite mining rules after those plans unsettled markets in the world’s No. 3 copper producer.
Francke has promised no nationalizations, respect for existing mining contracts and central bank independence, underscoring Sanchez’s bid to win centrist voters in a race polls suggest will be tight.
Sanchez won 12.03% in April’s first round against Keiko Fujimori’s 17.18%, while still campaigning for a new constitution and greater state oversight of natural resources.
His moderation push is complicated by ties to jailed ex-president Pedro Castillo and by financial-crime allegations that a judge is due to review on June 4.