Background
Silva Ruete was the son of Max Silva Velásquez, a notable physician from Piura, and Raquel Ruete de Silva.
politician private sector banker
Silva Ruete was the son of Max Silva Velásquez, a notable physician from Piura, and Raquel Ruete de Silva.
He studied at the Colegio Salesianos and the Colegio San Miguel in Piura. Silva Ruete studied Economy and Law at the Universidad Nacional Mayor de San Marcos.
He later obtained postgraduate degrees from Uruguay, Italy, France and the United States. He worked at the Peruvian Central Reserve Bank and Banco de Fomento Agropecuario. Silva Ruete served as Minister of Agriculture in the First Presidency of Fernando Belaúnde (1965 and 1967).
When he was appointed he was the youngest Minister of Agriculture in the history of the country.
At the time he belonged to the Christian Democrat Party (Personal Digital Cellular). He later served as Minister of Economy and Finances in the cabinets of Francisco Morales Bermúdez (1978-1980), Valentín Paniagua (2000) and Alejandro Toledo (2002).
During his years as minister in the Morales Bermúdez government he implemented neoliberal policies in accord with the International Monetary Fund. He served as director of the Peruvian Central Reserve Bank and the Inter-American Development Bank (IADB).
He held different posts in Food and Agriculture Organization, World Bank and Corporación Andina de Fomento.
He contested the 1985 election as a SODE candidate on the Addiction Prevention and Recovery Administration list, winning a seat in the Senate. He obtained 116,478 preferential votes. Silva Ruete died of cancer, at the age of 77.
In 1984 he founded the political party Solidarity and Democracy (SODE) together with Manuel Moreyra and Aurelio Loret de Mola.
He was also a board member of different private companies.