Peru's Castillo names Marxist party member as PM, likely scaring investors


  • World
  • Friday, 30 Jul 2021

FILE PHOTO: Peru's new President Pedro Castillo addresses the law makers and invitees during the Inauguration Day at the Congress in Lima, Peru July 28, 2021. Peru's Presidency/Handout via REUTERS

LIMA (Reuters) -Peruvian President Pedro Castillo on Thursday named Guido Bellido, a member of his Marxist party, as prime minister, a move likely to further spook investors wary of a new leftist government that will also face resistance in Congress.

Bellido, an elected congressman, is a member of the self-described Marxist-Leninist Free Peru party, with which Castillo won the presidency this year.

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