During his tenure, he led the negotiation of the Acuerdo Nacional, which was a plan to unite the main political parties and leading civil organizations.

And still remains in force having made a positive impact in the long term stability of the rules applicable to private investment in Perú.

Thereafter, as Ambassador to the US, his primary focus was on the promotion of a Bilateral Free Trade Agreement between Peru and the US, which eventually was executed during the Alan Garcia administration.

[8] 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.

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.

[11][12] 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.

In addition, he belongs to various philanthropic organizations including Transparencia, Fundación Internacional para la Libertad (FIL), Human Rights Watch, and MALI (the Art Museum of Lima).