Tuesday, August 17, 2010

Reuters Peru says Peru's FinMin Mercedes Araoz is to be replaced this week

Here's the link. Here's how the note starts:

By Patricia Velez and Terry Wade

LIMA (Reuters) - Peru's Finance Minister Mercedes Araoz will be replaced in a cabinet shuffle this week, three sources in the ruling party and close to the government said on Tuesday.

One of the sources said Ismael Benavides, who once led one of Peru's largest banks, will be the new finance minister and that a swearing in ceremony was slated for Thursday.

"It's going to be Thursday at 3 p.m. (2000 GMT)," the source said.

"We know that Mercedes Araoz will leave no matter what," said another source.

Benavides, who also previously served as agriculture minister under President Alan Garcia, declined to comment.

Click through for the rest. Nice scoop, guys.