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 Fernando Velasco Juan Fernando Velasco Juan Fernando Velasco (born January 17, 1972 in Quito, Ecuador) is an Ecuadorian musician. Juan Fernando Velasco was born January 17, 1972 in Quito, Ecuador. He never planned to be a musician, he was preparing to become an economist like his father. After finalizing four semesters of Economics, he realized this was not what he wanted to do and decided to dedicate fully to music. He has had three albums in which some of the most popular songs are Ecuadorian Pasillo. In 2002 Velasco released his second album, "Tanto amor". The album reached platinum status in Ecuador