LIMA: Pedro Castillo on Wednesday said Peru's colonial wounds still ran deep and he would seek to heal them, while promising economic stability in his inaugural speech as president.
Castillo's election has spooked investors and scared wealthier Peruvians, fearful that his party will upend the economy with plans for a new constitution. He has also said he wants to hike taxes on mining to fund health and education reforms in the world's second-largest copper producer. The cabinet's swearing-in was due to take place shortly after Castillo's inauguration on Wednesday, but his party announced that it would be delayed until Friday.
Sources close to Castillo have said the economy minister role will likely go to Pedro Francke, a moderate left-leaning economist, who has helped soften the outsider candidate's image and calm jittery markets in recent months.
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