Castillo Puts Pragmatism Over Ideology to Boost Peru’s Flagging Economy

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Peruvian President Pedro Castillo attends a press conference at the Presidential Palace in Lima, Peru, Oct. 11, 2022 (AP photo by Martin Mejia).

The focus on Peruvian President Pedro Castillo’s political travails are understandable, but they have overshadowed one of the more significant policy developments from his presidency so far: a recently introduced stimulus package designed to promote flagging economic growth that backtracks on Castillo’s hard-left economic agenda.

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