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 Alvarado y del Saz July and 30 November 1906 in a government presided over by José López Domínguez. Between 21 October 1909 and 9 February 1910 he would occupy the Ministry of the Treasury in a cabinet presided over by Segismundo Moret. Later he served as Minister of Justice from 11 October 1913 to 19 April 1917, and Minister of State until the 11 June 1917 under the presidency of Manuel García Prieto. He died in 1935. Juan Alvarado y del Saz Juan Alvarado y del Saz (1856–1935) was a Spanish lawyer and politician. He was Minister of Naval Defense of Spain and Minister