Peru’s Finance Minister Resigns: Reports

Peruvian finance minister Carlos Carranza Ugarte has resigned, according to multiple local press reports. Carranza Ugarte is leaving to attend to family commitments, say the reports which say he will depart July 18. The Peruvian government has yet to make the resignation official, according to the state news agency Andina. The papers say Carranza will be replaced by economist Luis Miguel Valdivieso, an advisor in the Asia-Pacific department of the IMF.