Stock Exchange experienced its largest drop ever, though it later stabilised following the announcement of Humala's cabinet appointees, who were judged to be moderate and in line with continuity. However he was also said to have inherited "a ticking time bomb of disputes stemming in large part from objections by indigenous groups to the damage to water supplies, crops and hunting grounds wrought by mining, logging and oil and gas extraction" from Alan Garcia. Though he promised the "poor and disenfranchised" Peruvians a bigger stake in the rapidly growing national economy, his "mandate for change...[was seen as] a mandate for moderate change"; his moderation was reflected in his "orthodox" cabinet appointees and his public oath on the Bible to respect investor rights, rule of law and the constitution. He was sworn-in on 28 July 2011. As part of his "social inclusion" rhetoric during the campaign, his government, led by Prime Minister Salomon Lerner Ghitis, established the Ministry of Development and Social Inclusion in order to coordinate the efficacy of his social programmes. Lerner Ghitis later resigned on 10 December 2011, and was succeeded by Óscar Valdés Dancuart. On 23 July 2012, Juan Jiménez Mayor became president of a new ministerial cabinet, the third in less than a year. On 24 July 2013, with the appointment of three new ministers (Mónica Rubio García in Development and Social Inclusion, Magali Silva in Foreign Trade and Tourism, and Diana Álvarez Calderón in Culture), it was achieved, for the first time in the history of Peru, gender equality in the formation of a ministerial cabinet (9 men and 9 women, apart from the prime minister). On 31 October 2013, César Villanueva, who until then served as president of the Regional Government of San Martín, was sworn in as the fourth President of the Council of Ministers of the Humala government. On 24 February 2014, the fifth ministerial cabinet was sworn in, chaired by René Cornejo, who until then had served as Minister of Housing, Construction and Sanitation. After two unsuccessful attempts, this cabinet finally won the vote of confidence in Congress , in the session held on 17 March. On 22 July 2014 René Cornejo resigned, being replaced by Ana Jara Velásquez, who until then was the head of the Ministry of Labor and Employment Promotion, an office that was taken over by the ruling congressman Fredy Otárola Peñaranda. With only these changes, the