Juan Velasco Alvarado of the Velasco administration's economic policies is still debated today. As the Peruvian military government ran deeper into debt, it was forced to devalue the currency and run inflationary policies. This however, was in part due to the 1970s Energy Crisis, which also affected Peru and made it impossible for the Velasco administration to fund some of its most ambitious reforms. In foreign policy, in contrast with his 1970s Latin American contemporaries, which were mostly right-wing military dictatorships, he pursued a partnership with the Soviet bloc, tightening relations with Cuba and Fidel Castro and undertaking major purchases of Soviet military
Juan Ramírez de Velasco Tucumán by Philip II of Spain to replace Hernando de Lerma. Ramírez served in the government of Tucuman between 1586-1593. In 1588 being the governor of Tucumán Juan Ramirez de Velasco made expeditions against the Indians in calchaquí valley and won the allegiance of a son of Juan Calchaquí. Shortly after he founded the city of Todos los Santos de la Nueva Rioja. In 1592 he founded the city of Madrid de las Juntas in the present department Metán. In 1594 Juan Ramírez Velasco was appointed commander of the Governorate of the Rio de la Plata a position he held