Hernando de Soto named Prime Minister of Peru’s transitional government

Economist Hernando de Soto has been appointed Prime Minister of Peru by interim President José María Balcázar, reshaping Peru's fragile political transition with only four months remaining in the current term. The appointment followed a meeting at the Government Palace and ended days of political speculation in Lima. De Soto, known globally for his economic theories on property rights, now takes a key executive role in Peru.