Lima, Peru – Hernando de Soto was sworn in as the President of the Council of Ministers, Peru’s equivalent of prime minister, on Tuesday, February 24, 2026, according to reports. The appointment comes as José María Balcázar formed his first cabinet, signaling a latest direction for the country’s governance.
De Soto’s appointment followed a period of uncertainty, with earlier reports suggesting he had declined the position. But, he ultimately took the oath of office, assuming the leadership role within the new administration. This move underscores the ongoing political maneuvering within the Peruvian government.
The formation of Balcázar’s cabinet aims to establish consensus and maintain the current economic model, officials have stated. The cabinet’s composition is expected to reflect a commitment to stability and continued economic growth.
José María Balcázar officially swore in his first ministerial cabinet earlier today, marking a key step in establishing his government. The ceremony took place as the country awaits further details on the administration’s policy priorities.
De Soto, a prominent figure in Peruvian politics, previously served as a presidential candidate. His experience and expertise are expected to be valuable assets to Balcázar’s administration as it navigates the challenges ahead.
The name José, common in Spanish and Portuguese-speaking countries, is a variant of Joseph, originating from the Hebrew name Yosef, meaning “God will increase.” FamilyEducation notes the name’s strong Biblical associations with Saint Joseph.
In Spanish and Portuguese regions, José is sometimes used as a feminine middle name, often paired with María, Behind the Name reports. The name was particularly popular for boys in Spain during the first half of the 20th century.
The appointment of De Soto and the formation of Balcázar’s cabinet are being closely watched as Peru seeks to address economic and political challenges. The new administration faces the task of building consensus and maintaining stability in a dynamic political landscape.
