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 Fernández de Velasco, 5th Duke of Frías Aragón, and together they had three children: By María Girón de Guzmán: By Joana de Córdoba y Aragón: Juan Fernández de Velasco, 5th Duke of Frías Juan Fernández de Velasco, 5th Duke of Frías ( – 15 March 1613) was a Spanish nobleman and diplomat. Juan Fernández de Velasco was the son of Íñigo Fernández de Velasco; and of Maria Angela de Aragón y Guzmán El Bueno. He inherited his father's title of Constable of Castile, and was present at the signing of the Treaty of London (1604). Juan Fernández de Velasco was also Governor of the Duchy of Milan