On 20 July 2006, García named Luis Carranza as Finance Minister, a former executive at Spain-based Banco Bilbao Vizcaya Argentaria and Central Bank director and deputy finance chief from August 2004 to August 2005 in Alejandro Toledo's government. The appointment was welcomed by some detractors of García's fiscal policies during his first administration. However, Mario Huamán Rivera, the President of the Confederación General de Trabajadores del Perú (General Workers Confederation of Peru), the country's largest trade union, attacked the appointment, stating that "it looks as though Alan García is not going to fulfill his promise to change economic policy".