Keiko Fujimori Names Market-Friendly Economic Team for Peru
Peru’s New Government
Key Facts
—Economy Chief. Elmer Cuba, a market-friendly technocrat and former central bank director, will lead the Ministry of Economy and Finance.
—Energy and Mines. Guillermo Shinno, a former deputy minister and regulator, takes over the critical mining portfolio.
—Agriculture. Marco Vinelli, an agro-industrial economist, was sworn in to lead the Agriculture and Irrigation Ministry.
—Trade and Tourism. Rogers Valencia returns to the Mincetur post he held in 2018, promising policy continuity.
—Market Signal. The appointments are read by investors as a strong commitment to macroeconomic stability and fiscal prudence.
President-elect Keiko Fujimori named her full economic cabinet on Monday and Tuesday, placing seasoned technocrats in key posts and sending a clear pro-business signal to markets just hours before her inauguration.
The Keiko Fujimori Economic Cabinet Takes Shape
Keiko Fujimori finalised her core economic team across two days, announcing Elmer Cuba for the powerful Economy and Finance Ministry on Monday, July 27, 2026. The remaining ministers were sworn in on Tuesday, July 28, as part of the first cabinet led by Prime Minister Luis Galarreta.
The slate extends a rightward tilt in Latin American politics, according to Reuters, and prioritises sectoral expertise over partisan loyalty. Every named minister brings decades of public and private experience in their respective fields.
Elmer Cuba at the Helm of the Economy
Elmer Cuba is a Peruvian economist with over three decades in public policy, consulting, and academia. He is a former director of the Banco Central de Reserva del Perú and a past partner at Macroconsult, a leading economic advisory firm.
Bloomberg described his appointment as signalling “macroeconomic continuity in one of Latin America’s most stable economies.” Cuba has already indicated he will review fiscal spending laws passed by the previous Congress to protect the country’s fiscal strength.
His background includes consultancy work for the World Bank and the Inter-American Development Bank, as well as board roles in the mining and financial sectors. For foreign investors, his name is synonymous with orthodox, rules-based economic management.
Guillermo Shinno Steps into Energy and Mines
Guillermo Shinno Huamaní was confirmed as Minister of Energy and Mines on July 28, according to Reuters and the ministry’s official website. He is a mechanical engineer from the Universidad Nacional de Ingeniería with an MBA from ESAN.
Shinno previously served as Vice Minister of Mines and as general manager of Osinergmin, the energy and mining regulator. His career spans both public oversight and private-sector management in mining and electric transmission companies.
El Comercio noted he takes office amid volatile oil and fuel prices linked to Middle East conflict and persistent challenges from illegal mining. His deep regulatory experience is expected to provide predictability for the mining investors who drive Peru’s export economy.
Marco Vinelli to Lead Agriculture and Irrigation
Marco Vinelli was sworn in as Minister of Agrarian Development and Irrigation on Tuesday afternoon at the Government Palace. An economist from Universidad Nacional Mayor de San Marcos, he holds advanced degrees in finance and business administration.
Vinelli brings over fifteen years of agro-industrial experience, including a stint as general manager of the agro-export firm Allpu. He previously headed AGROIDEAS and AGRORURAL, two key public programmes for rural development, and chaired the board of Agrobanco.
His appointment points to a productivity-focused agenda for Peru’s agricultural sector, with emphasis on irrigation infrastructure, rural finance, and food security. Agribusiness investors will see a known quantity with both policy and operational credentials.
Rogers Valencia Returns to Foreign Trade and Tourism
Rogers Valencia Espinoza was designated Minister of Foreign Trade and Tourism, a portfolio he previously held in 2018 under President Martín Vizcarra. He also served as Minister of Culture in the same administration.
A Cusco-born tourism professional with over 35 years in the sector, Valencia holds a degree in Tourism from Universidad Nacional de San Antonio Abad del Cusco. He has led the Cusco Regional Chamber of Tourism and worked as an international tourism consultant.
His return to Mincetur suggests policy continuity in trade promotion and tourism strategy. For the hospitality and export sectors, a known minister with prior cabinet experience reduces transition risk.
What the Keiko Fujimori Economic Cabinet Means for Investors
The appointments collectively reinforce a narrative of technocratic, pro-market governance. Elmer Cuba’s presence at the Economy Ministry is the headline signal: a known fiscal conservative who will likely prioritise central bank independence and spending discipline.
For mining and energy investors, Guillermo Shinno offers regulatory predictability at a time when copper and gold prices remain elevated. Peru is the world’s second-largest copper producer, and stable leadership at Minem is critical for project pipelines.
The broader Latin American context matters too. Fujimori’s inauguration extends a regional rightward shift, and her cabinet choices align Peru with market-friendly governments elsewhere.
The early focus on fiscal rules and sectoral expertise will be tested once the government sends its first budget to Congress.
Frequently Asked Questions
Who is Keiko Fujimori’s new Economy Minister?
Elmer Cuba, a Peruvian economist and former central bank director, was named Minister of Economy and Finance on July 27, 2026. He is a market-friendly technocrat and former partner at the consulting firm Macroconsult.
His appointment has been widely interpreted as a commitment to fiscal prudence and macroeconomic stability.
What does the new cabinet mean for mining investment in Peru?
Guillermo Shinno, the new Energy and Mines Minister, is a former vice minister and regulator with deep experience in the sector. His appointment signals regulatory continuity and institutional predictability, which are key concerns for foreign mining companies operating in Peru, the world’s second-largest copper producer.
Is the full economic cabinet now confirmed?
The core economic posts are confirmed: Elmer Cuba at Economy, Guillermo Shinno at Energy and Mines, Marco Vinelli at Agriculture, and Rogers Valencia at Foreign Trade and Tourism. Reports of an appointment to the Housing Ministry remain unverified by major national and international outlets as of this writing.
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