Investment banker sworn in as Peru’s new president
A 77-year-old former investment banker has been sworn in as Peru’s new president at a ceremony in Lima.
In his inaugural speech, Pedro Pablo Kuczynski – known as PPK – said he longed for Peru in five years “to be more modern, more just, more equal”.
The conservative beat Keiko Fujimori in run-off elections last month.
Peru’s economy has risen sharply in recent years fuelled by a commodities boom but many Peruvians live in poverty and lack basic services.
Mr Kuczynski has pledged to work for all Peruvians, calling for a “social revolution”.
He will need support from Ms Fujimori’s party to enact reforms, however, since it controls congress.
Ms Fujimori, the daughter of incarcerated ex-President Alberto Fujimori, was once favourite to win the vote but eventually lost by less than a quarter of a percentage point.
Kuczynski was born at the Clínica Delgado in Lima, Peru, the son of Madeleine Godard, who was of Swiss-French descent, and Maxime Hans Kuczynski, a German Jewish immigrant of Polish descent who was born near Poznań, and was one of the earliest public health leaders in Peru. His parents, who were Jewish on his father’s side and Christian on his mother’s, fled Germany in 1933 to escape the Nazis.
He began his career at the World Bank in 1961 as a regional economist for six countries in Central America, Haiti and the Dominican Republic.
From 1973 to 1975, he was a partner of Kuhn, Loeb & Co., the international investment bank headquartered in New York City. In 1975, he returned to Washington, D.C to become chief economist for the International Finance Corporation (the private finance arm of the World Bank).
we spoke about this a few weeks ago..the clan of berg gets another leader..straight out of the IFC and world bank..