Ulloa, designated Dañino, who was then 29 years old, as Secretary General of the Ministry of Economy, Finance and Trade. Ulloa later gave him additional responsibilities, appointing him President of the Foreign Investment Committee (CONITE), Chairman of the Public Debt Commission and Director of CONASEV, the securities regulatory agency. Ulloa and his team led Peru into one of Latin America's first efforts to adopt an open market economy. However, the Mexico debt crisis, the insurgence of the terrorist movement Shining Path and internal political squabbles led Ulloa and his team to leave government in December 1982. His successor, Carlos Rodriguez Pastor, attempted to continue the liberalization process but was promptly dismissed by President Belaunde; thereafter the country endured a full decade of political and economic crisis. Ulloa became President of the Senate and Dañino returned to law practice in Lima and later in the United States. Professional career Prior to Dañino's inclusion within the Peruvian government, he practiced law in Peru with Barrios, Fuentes & Urquiaga. In 1989 he became the first General Counsel of the InterAmerican Investment Corporation (now BID Invest), the private sector affiliate of the InterAmerican Development Bank in Washington, D.C. He left IIC in 1993 to practice law in New York with Rogers and Wells and in 1996 he and his latinamerican team moved to the Washington law firm Wilmer Cutler & Pickering, which is now known as Wilmer Hale. At both firms he was an equity partner and Chairman of the Latin American Practice Group. In 2001 he left private practice to join the Peruvian government. In 2003, after leaving the role of Peruvian Ambassador to the United States, Dañino became the Senior Vice President and General Counsel of the World Bank Group. While in this role he led, among others, the development of the legal framework for the inclusion of human rights in the agenda of the Bank. During his tenure, he was also the Secretary-General of the International Centre for Settlement of Investment Disputes, which arbitrates disputes between governments and international investors. Furthermore, he was also the legal advisor to the Board of Directors and its Ethics Committee. In 2003 he was awarded the Order of the Sun of Peru (Gran Cruz), which is the highest honor bestowed on a Peruvian citizen. He has also received the Orden de Isabel la Catolica from the King of Spain and the Medal for Distinguished Alumnus