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InterviewsAugust 1 2018

Peru’s finance minister shrugs off stability concerns

Following his predecessor’s resignation, Peru’s new finance minister Carlos Oliva talks to Silvia Pavoni about achieving political stability and the potential of public-private partnerships.
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To say Peru is going through political turmoil would be an understatement. Its finance minister stepped down in June, hard on the heels of president Pedro Pablo Kuczynski. The first was the result of public outcry over fuel tax hikes, and the second of links to construction conglomerate Odebrecht, currently at the centre of Latin America’s largest corruption scandal. 

Nevertheless, new finance minister Carlos Oliva can see the positive side. “We did have a political crisis, but it got resolved within the letter of the constitution,” he says. “President Kuczynski left, the vice-president [Martin Vizcarra] took over. This is something that wouldn’t have happened 30 years ago. Thirty years ago we had coups d’état, military [intervention]; we had different problems.” 

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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