PERUVIAN FINANCE MINISTER PPK WILL RUN FOR IDB

C O N F I D E N T I A L LIMA 002692 SIPDIS DEPT FOR E, EB A/S WAYNE, WHA/AND, EB/IFD/ODF WHITE HOUSE FOR NEC E.O. 12958: DECL: 06/15/2015 TAGS: PGOV PREL EAID EFIN PE SUBJECT: PERUVIAN FINANCE MINISTER PPK WILL RUN FOR IDB PRESIDENC... id: 34855 date: 6/16/2005 16:16 refid: 05LIMA2692 origin: Embassy Lima classification: CONFIDENTIAL destination: 05LIMA2601|05LIMA2686 header: This record is a partial extract of the original cable. The full text of the original cable is not available. -------------- header ends -------------- C O N F I D E N T I A L LIMA 002692 SIPDIS DEPT FOR E, EB A/S WAYNE, WHA/AND, EB/IFD/ODF WHITE HOUSE FOR NEC E.O. 12958: DECL: 06/15/2015 TAGS: PGOV PREL EAID EFIN PE SUBJECT: PERUVIAN FINANCE MINISTER PPK WILL RUN FOR IDB PRESIDENCY REF: A) LIMA 2686 B) LIMA 2601 Classified By: AMBASSADOR J. CURTIS STRUBLE, REASONS 1.4 B) AND D) ¶1. (C) Finance Minister Pedro Pablo Kuczynski (PPK) confirmed to the Ambassador in a private conversation June 16 that he will be a candidate to replace Enrique Iglesias as IDB President. PPK said that he told Toledo recently of his desire to leave the Finance Minister position in mid-August ¶2005. Toledo has asked him to do something for Peru by allowing the GOP to put his name forward as IDB candidate. Kuczynski said that Enrique Iglesias had likewise pushed him to throw his hat in the ring. PPK termed Colombian candidate Luis Alberto Moreno a good friend and a good candidate, but someone he thought would attract little support from South America. The Brazilian candidate is a known quantity due to his present position in the IDB, but has no new ideas; PPK predicted that contender would likewise not pick up steam. Kuczynski said that the IDB did very valuable work in stabilizing LatAm financial crises during the 1990s, but needs now to adjust its approach. He felt the bank should lend more money to private borrowers and increase funding for infrastructure projects. ¶2. (C) Kuczynski said that he also is still toying with the idea of running for President of Peru. He thought he could explore both that and the IDB track without problem for a time, adding that "in all probability neither one will come through." Kuczynski is travelling to Washington next week as part of a four minister team to lobby on the US-Andean Free Trade Agreement (reported septel). He will raise his IDB candidacy with Treasury and possibly NEC officials. Ambassador told Kuczynski that the United States is likely to stand by its commitment to Luis Alberto Moreno's candidacy. ¶3. (C) PPK confirmed our suspicion that President Toledo will not/not support the candidacy of former Prime Minister Roberto Danino. While Toledo had received calls lobbying him in that direction from Danino, writer Mario Vargas Llosa and former UN Secretary General Javier Perez de Cuellar, Toledo's resentment over what he considers bad counsel from Danino when the latter was his Prime Minister remains profound. STRUBLE =======================CABLE ENDS============================