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Luis Alva Castro

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NEWS
July 21, 1985
President-elect Alan Garcia of Peru named the architect of his economic plan to three key posts in the Cabinet that takes office July 28. Garcia said that Luis Alva Castro, 43, who drew up the economic platform on which Garcia's American Popular Revolutionary Alliance won elections in April, will be prime minister, economy minister and second vice president.
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NEWS
December 21, 1988
Peru's ruling American Popular Revolutionary Alliance named President Alan Garcia's chief rival to its top administrative post, effectively giving him control over the party. Former Prime Minister Luis Alva Castro was elected secretary general of the center-left party at its 16th national congress, unseating Luis Negreiros, a Garcia ally. Garcia resigned as party president Saturday after he received a bitter reception at the convention, and it appears that his post will be left vacant.
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NEWS
April 14, 1987 | Associated Press
Prime Minister Luis Alva Castro of Peru announced today that he is calling a special meeting of the United States and other Western Hemisphere governments to discuss Latin America's $382-billion debt. The meeting will take place in Washington on June 29-30. As of September, Latin American and Caribbean countries owed U.S. banks $67.7 billion, and the balance of their debt is held elsewhere.
BUSINESS
February 12, 1986 | Associated Press
Peruvian officials, having decided to limit payments on their country's $13.7-billion foreign debt, are meeting with world financial leaders, including members of the Reagan Administration, to discuss their action. Peruvian Prime Minister Luis Alva Castro was to see Secretary of State George P. Shultz and other high-ranking U.S. officials today about limiting Peru's debt payments--a policy that has many bankers and governments worried because of its worldwide implications. Peru owes $1.
BUSINESS
April 4, 1986 | From Times Wire Services
The Peruvian government announced Thursday that it has asked the International Monetary Fund to close its office in Lima. "I reaffirm that Peru has not held any negotiations with the IMF, that it has signed no agreement with that organization and that it has no intention of changing that policy," the official news agency Andina quoted Prime Minister Luis Alva Castro as saying.
BUSINESS
September 3, 1986 | Associated Press
The economy has grown 4.8% since January as a result of President Alan Garcia's tight austerity program, government officials said Tuesday. National Statistics Institute director Graciela Fernandez Baca meanwhile said inflation in August was 4%, down from July's 4.6%. She said inflation for 1986 is averaging 39.7% and that inflation for the 12 months ending in August was 57.2%. But Apoyo S.A., one of Peru's leading economic study groups, put the cost of living increase for August at 4.
NEWS
April 15, 1987 | DON SHANNON, Times Staff Writer
The United States put a damper Tuesday on the first meeting in 17 years of the Organization of American States' economic council by describing the upcoming session as an inappropriate arena for discussion of the mountainous Latin American debt. "We don't believe such a discussion is needed," a Treasury Department spokesman said. He said that Washington is satisfied with the "current forums" such as the International Monetary Fund and the World Bank.
BUSINESS
August 3, 1985 | From Times Wire Services
President Alan Garcia's new government has devalued the Peruvian sol by 12% and frozen the exchange rate in an attempt to halt the currency's 250% decline over the past 12 months, the government news agency Andina reported Friday. "It is not possible to continue with the present system of mini-devaluations," Andina quoted Prime Minister Luis Alva Castro, who also is minister of the economy, as saying. "This has been the clearest sign of the instability of costs," Alva Castro said.
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