Jared WadePeru’s Finance Minister Alonso Segura Vasi was named the best in the region by the publication Emerging Markets, which noted the difficulty he faced coming into the role in 2014 just as the bottom fell out on copper prices. Economies throughout South America are slowing down as commodities plummet in value, but Peru is better positioned than most to endure the bad times. It ran a budget surplus in the boom years and Segura, who previously served as chief economist at Peru’s largest bank, has managed to smartly increase debt issuance without spooking markets. “We are facing more complex times,” said Segura at the award presentation. “However, we remain an economy that has displayed a remarkable performance in the region and Peru will therefore continue on this path towards the future.” He was honored during the annual meeting of the World Bank and International Monetary Fund held in Lima. (Photo: Simon Chara)
Hear! Hear! I too gave Senor Segura Vasi an award during his participation in the IMF/World Bank Spring Meetings 2016 in my blog “Bad Taxes, Human Rights & Complicity: Observations of a CSO Rep at the IMF/WB Spring Meetings – Part 6” (https://www.linkedin.com/pulse/observations-cso-rep-imfwb-spring-meetings-capacity-part-wilcox-3?published=t).
I sincerely hope that the Pacific Alliance will take heed to the gravity of global warming in the aftermath of the recent earthquake off the coast of Mexico, on top of Hurricane Harvey and Hurricane Irma, in addition to widespread flooding in Peru in Mar. 2017. As I have posted on my social media outlets, “is this God’s way of warning the world of what is to befall us all, if we do not change the present paradigm in which the world is living at present?”
It is imperative that the Pacific Alliance heed my words of warning to them in my letter (see http://warondomesticterrorism.com/category/0-pacific-alliance/).