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 Orlando Hernández Juan Orlando Hernández Juan Orlando Hernández Alvarado (), often written as JOH (born 28 October 1968), is a former businessman and the fifty-fifth and current president of Honduras, who assumed office on January 27, 2014, after winning the 2013 Honduran presidential election. He began his second presidential term on January 27, 2018. He is a member of the conservative National Party of Honduras. Hernández was the president of the National Congress of Honduras between January 2010 and June 2013, when he was given permission by the Congress to absent himself from all responsibilities in the Congress to dedicate himself to