Pedro Francke

Pedro Andrés Toribio Topiltzin Francke Ballvé (born 1 November 1960) is a Peruvian economist who served as the minister of economy and finance from 30 July 2021 to 1 February 2022. He has advised various politicians within Peru and is an expert on poverty, health and social policies studies.

Economics career Francke received his Master of Economics from the Pontifical Catholic University of Peru.

Political career With his economic advisory of politicians, Francke first assisted Verónika Mendoza and her political party with their policy ambitions. Following the surprising success of Pedro Castillo during the 2021 Peruvian general election, Francke began to serve as the main economic advisor of Castillo three days prior to the second round of elections. and José Mujica, and distanced Castillo from policies similar to Hugo Chávez, opposing actions taken in Venezuela such as nationalizations, price controls, currency controls, and complex foreign exchange rates.

For his first international trips, President Castillo traveled to Mexico on 17 September 2021 and later to the United States on 19 September. During his tour in the United States, Castillo and Francke met with foreign investors, with two of Peru's largest investors, Freeport-McMoRan and BHP, sharing positive reactions and expressing confidence with the Castillo government following their meetings.

Francke resigned on 1 February 2022. Francke said that a Sánchez government would respect the autonomy of the Central Reserve Bank of Peru and would not engage in nationalizations, saying that exisiting economic contracts would remain recognized.