Francisco Sagasti

Francisco Rafael Sagasti Hochhausler (; born 10 October 1944) is a Peruvian engineer, academic, and author. He is the current President of Peru since 17 November 2020. He was kidnapped by the Amaru Revolutionary Movement during the Japanese embassy hostage crisis in 1996. He then returned to Costa Rica with his family where he lived with his wife and two children.

About Francisco Sagasti in brief

Summary Francisco SagastiFrancisco Rafael Sagasti Hochhausler (; born 10 October 1944) is a Peruvian engineer, academic, and author. He is the current President of Peru since 17 November 2020. He has worked as an advisor for economic development at the International Development Research Centre, World Bank, UNCSTD and the World Economic Forum. In 2016, he helped found the centrist Purple Party with Julio Guzmán. Following the dissolution of congress in 2019, he was elected into congress in January 2020, serving from March to November 2020 as a Member of Congress for the Lima constituency. After the 1992 Peruvian constitutional crisis, he left his position at the World Bank to return to Peru. He was kidnapped by the Amaru Revolutionary Movement during the Japanese embassy hostage crisis in 1996. He then returned to Costa Rica with his family where he lived with his wife and two children. In 2000, he became President of the Presidency of the Council of Ministers of Costa Rica.

In 2012, he returned to Peru to lead the government of President Pedro Pablo Kuczynski. In 2013, he announced that he would not seek a second term as president. In 2014, he said he would run for president again if he was re-elected to the presidency in 2016. In 2015, he resigned from his position as President of Congress after the removal of Martín Vizcarra due to the subsequent protests. The next day he was chosen to succeed him, being elected President of congress on the 16th November, and the next day was sworn in as president of Peru. Mirtha Vasquez succeeded, in acting capacity, Sagasto’s one-day tenure as President. He will conclude the 2016-2021 presidential term on 28 July 2021, and is then eligible to seek election to a full term if he wishes to run. He also served as a member of the United Nations Commission on Science and Technology for Development from 1989 to 1990.