Sanchez Taps Pedro Francke to Lead Peru Economic Plan
Roberto Sanchez named former minister Pedro Francke to lead his economic team. The move aims to stabilize markets ahead of the June runoff against Keiko Fujimori.
Left-wing presidential candidate Roberto Sanchez appointed former economy minister Pedro Francke to lead his economic team in Peru on Monday, May 18. The move follows a month-long vote count that confirmed Sanchez will face conservative Keiko Fujimori in a June 7 runoff. Investors are monitoring the appointment as Sanchez proposes a 33% minimum wage increase and a review of resource exploitation contracts.
### Sanchez Targets Market Stability with Moderate Lead Francke previously served as economy minister for six months in 2021 and 2022 under former President Pedro Castillo. He is credited with calming financial markets during Castillo's electoral campaign, which also featured a runoff against Fujimori. Sanchez told a forum organized by the Swiss embassy that his technical team will soon release a manifesto for the first 100 days of government.
