Peru's Congress on Friday confirmed a new leftist Cabinet nominated by President Pedro Castillo, allowing the fledging administration to continue an agenda focused on higher social spending coupled with higher taxes for the mining industry.
"I thank for granting us the vote of confidence," Castillo tweeted immediately after the vote. "Consensus-building will allow us to govern together with the people for the development of public policies with a social face."
"This afternoon, what is perhaps the most mediocre Cabinet in republican history has been recognized," said Hernando Guerra Garcia, an opposition lawmaker who represents the Popular Force party. Peru's stock index rose 3.09% on Friday, although it was little-changed following the Cabinet vote, suggesting investors had already priced in a confirmation.
"We need to do that while protecting the sector's competitiveness ... in no way do the want to kill the golden goose."Public opposition to the proposed Cabinet was fierce in the days leading up to the vote and led Castillo to replace a far-left foreign minister with a more moderate pick before Friday.
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