Peru's economy minister is IADB candidate

Peru has nominated Economy Minister Pedro Pablo Kuczynski as its candidate to head the Inter-American Development Bank once current head Enrique Iglesias leaves the post in September.

"Peru's candidate for the presidency of the Inter-American Development Bank is Pedro Pablo Kuczynski," Peruvian President Alejandro Toledo told reporters. He said Kuczynski, known by his initials PPK, would not immediately resign from his post and that Peru's Cabinet was "stable."

"If I'm chosen, I don't know at w

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