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Pedro Francke
Pedro Andrés Toribio Topiltzin Francke Ballvé (born 1 November 1960) is a Peruvian economist who served as the minister of economy and finance from 30 July 2021 to 1 February 2022. He has advised various politicians within Peru and is an expert on poverty, health and social policies studies. Economics career Francke received his Master of Economics from the Pontifical Catholic University of Peru. During his early economics career, Francke served as director of the Cooperation Fund for Social Development (FONCODES), a technical secretary for the Technical Secretary of the Interministerial Commission for Social Affairs, president of the Metropolitan System of Solidarity (SISOL) and the general manager of the Social Health Insurance of Peru (Essalud). Francke also served roles in the Central Reserve Bank of Peru and as an economist for the World Bank. Political career With his economic advisory of politicians, Francke first assisted Verónika Mendoza and her political part ...
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Ministry Of Economy And Finance (Peru)
The Ministry of Economy and Finance of Peru is the government ministry responsible for the planning and execution of economic policies of the Peruvian Government with the goal of optimizing the economic and financial activities of the state, establish macroeconomic activity, and achieve the sustainable growth of the nation's economy. , the minister of Economy and Finance is Alex Contreras. History On August 13, 1821, José de San Martín, president of Peru, created the General Secretariat of Finance along with the Chancellery, and the War and Navy Department. The first minister of Finance was Hipólito Unanue. On March 2, 1969 the fundamental law of the Ministry of Finance, Law Decree Nº 17521, which gave the basis for the structure and function of the Ministry of Finance and on June 13, 1969 its name was changed to the current Ministry of Economy and Finance. By the Law Decree Nº 23123 of July 9, 1980, the name of the ministry was changed again to the Ministry of the Econom ...
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Social Policies
Social policy is a plan or action of government or institutional agencies which aim to improve or reform society. Some professionals and universities consider social policy a subset of public policy, while other practitioners characterize social policy and public policy to be two separate, competing approaches for the same public interest (similar to MD and DO in healthcare), with social policy deemed more holistic than public policy. Whichever of these persuasions a university adheres to, social policy begins with the study of the welfare state and social services. It consists of guidelines, principles, legislation and associated activities that affect the living conditions conducive to human welfare, such as a person's quality of life. The Department of Social Policy at the London School of Economics defines social policy as "an interdisciplinary and applied subject concerned with the analysis of societies' responses to social need", which seeks to foster in its students a ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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Evo Morales
Juan Evo Morales Ayma (; born 26 October 1959) is a Bolivian politician, trade union organizer, and former cocalero activist who served as the 65th president of Bolivia from 2006 to 2019. Widely regarded as the country's first president to come from Indigenous peoples in Bolivia, its indigenous population, his administration focused on the implementation of leftist policies, improving the legal rights and socioeconomic conditions of Bolivia's previously-marginalized indigenous population and combating the political influence of the United States and resource-extracting multinational corporations. Ideologically a socialist, he has led the Movement for Socialism (Bolivia), Movement for Socialism (MAS) party since 1998. Born to an Aymara people, Aymara family of subsistence farmers in Isallavi, Isallawi, Orinoca Canton, Morales undertook a basic education and mandatory military service before moving to the Chapare Province in 1978. Growing coca and becoming a trade unionist, he ...
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Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ...
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Balanced Budget
A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus. A ''cyclically'' balanced budget is a budget that is not necessarily balanced year-to-year, but is balanced over the economic cycle, running a surplus in boom years and running a deficit in lean years, with these offsetting over time. Balanced budgets and the associated topic of budget deficits are a contentious point within academic economics and within politics. Some economists argue that moving from a budget deficit to a balanced budget decreases interest rates, increases investment, shrinks trade deficits and helps the economy grow faster in the longer term. Other economists, especially those associated with Modern Monetary Theory (MMT), downplay the need for balanced budgets among c ...
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Far-left
Far-left politics, also known as the radical left or the extreme left, are politics further to the left on the left–right political spectrum than the standard political left. The term does not have a single definition. Some scholars consider it to represent the left of social democracy, while others limit it to the left of communist parties. In certain instances, especially in the news media, ''far-left'' has been associated with some forms of authoritarianism, anarchism, and communism, or it characterizes groups that advocate for revolutionary socialism, Marxism and related communist ideologies, anti-capitalism or anti-globalization. Extremist far-left politics have motivated political violence, radicalization, genocide, terrorism, sabotage and damage to property, the formation of militant organizations, political repression, conspiracism, xenophobia, and nationalism. Far-left terrorism consists of militant or insurgent groups that attempt to realize their ideals through ...
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RBC Capital Markets
RBC Capital Markets is a global investment bank providing services in banking, finance, and capital markets to corporations, institutional investors, asset managers, and governments globally. Locations span 58 offices in 14 countries across North America, the UK, Europe, and the Asia-Pacific region. Employment estimates for RBC professionals are roughly 7,800 per company reports. Services provided include insights required to raise capital, access markets, mitigate risk, and acquire or dispose of assets for clients worldwide. Overview RBC Capital Markets is part of Royal Bank of Canada (RBC). Operating since 1869, RBC is the fifth largest in North America and the 11th largest bank globally as measured by market capitalization. With a strong capital base and consistent financial performance, RBC is among a small group of highly rated global banks. Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC: * Canada: RBC Dominion Sec ...
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2021 Peruvian General Election
General elections were held in Peru on 11 April 2021. The presidential election, which determined the President of Peru, president and the Vice President of Peru, vice presidents, required a run-off between the two top candidates, which was held on 6 June. The congressional elections determined the composition of the Congress of the Republic of Peru, Congress of Peru, with all 130 seats contested. Pedro Castillo, a member of the left-wing Free Peru party, received the most votes in the first round. In the second round he faced Keiko Fujimori, the leader of the right-wing Popular Force who had previously lost the run-offs of the 2011 Peruvian general election, 2011 and the 2016 Peruvian general election, 2016 elections. Both candidates were surprise contenders; Fujimori had initially been discounted due to her party's negative public appeal in Congress and her preventive imprisonment for a year, while Castillo was a political newcomer who was previously unknown to the public. The ...
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Verónika Mendoza
Verónika Fanny Mendoza Frisch (born 9 December 1980) is a Peruvian-French psychologist, educator, and politician. She is the founder and current leader of the New Peru movement. Born in Cuzco to a Peruvian father and French mother, Mendoza pursued her education in Paris, France, majoring in psychology at the Paris Diderot University. She continued her graduate education at the New Sorbonne University, attaining a master's in social sciences. Upon the completion of her graduate education abroad, she established back in Peru in order to start a career in politics. Initially a member of the Peruvian Nationalist Party, Mendoza was elected to the Peruvian Congress in 2011. Representing the constituency of Cuzco, she quit the Nationalist caucus in 2012 in order to start her own political party, the Sowing Movement. Subsequently, she agreed in constituting the Broad Front coalition. Announcing her candidacy for President of Peru at the 2016 general election, she easily attaine ...
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Bloomberg
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service co ...
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