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The Peru Humala urged quickly for Prime Minister, Minister of finance - NASDAQ

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Dow Jones Peru's Humala Urged To Quickly Name Prime Minister, FinanceMinister


LIMA -(Dow Jones)- President-elect Ollanta Humala is being urged to quicklyname a new prime minister and a new finance minister, following his victory inSunday's run off vote for president.


Humala, a left-wing nationalist who leads the Gana Peru party, is expected toname respected figures to key government posts, aiming to calm concerns aboutwhat economic policies his incoming administration might follow.


The incoming president will also have to appoint a president to the CentralReserve Bank of Peru, to the tax agency, and to various regulatory agencies.


In his official governing plan, Humala outlined a series of radical policies,but he worked to soften his platform during the campaign.


Following the April 10 general elections, he brought on board a number of neweconomists, particularly from former President Alejandro Toledo's centristparty.


"Knowing the name of the next finance minister and of the president of thecentral bank will be crucial. There were so many contradictions in the Gana Perucampaign that people don't know what to believe," economist Patricia Tuellet wasquoted as saying in newspaper Peru21 on Monday.


Humala's original governing plan was led by Felix Jimenez, an economist fromthe Catholic University of Peru, who has a doctorate from the New School ofSocial Research.


"Gana Peru will convoke personalities from other political groups in order toguarantee economic growth," Jimenez said late Sunday.


During the campaign, a former deputy finance minister in the Toledoadministration, Kurt Burneo, took on a greater role.


In a television interview late Sunday, Burneo said that, "There will be acontra-cyclical fiscal policy and we will seek to permanently ensure fiscalsustainability, that is to say a reduction in the ratio of public debt to grossdomestic product."


Another Toledo ally Oscar Dancourt, an economist who acted as president of theCentral Reserve Bank of Peru, was also active in the Humala camp.


Harvard-educated economist Daniel Schydlowsky, who was head of state-ownedbank Cofide during the government of Toledo, also worked with the Humala team.


Peru's economy has expanded sharply in recent years, growing by 8.8% lastyear, as exports continued to grow and construction and manufacturing help boostgross domestic product.


President Alan Garcia, who defeated Humala in the 2006 election for president,couldn't run again due to a ban on holding consecutive terms.


-By Robert Kozak, Dow Jones Newswires; 51-99927 7269; peru@dowjones.com


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