Particle.news
Download on the App Store
9 ARTICLES
·
last mo.

Peru Asks BCRP Chief Julio Velarde to Stay Five More Years as MEF and Central Bank Tighten Coordination

Any new term would require a presidential nomination and ratification by Congress under the next administration.

MEF sobre permanencia de Julio Velarde en el BCR: “Está preparando su equipo técnico para sucederlo”
José Jerí se reunió con el titular del Banco Central de Reserva, Julio Velarde.
Coordinación entre MEF y BCR buscará optimizar políticas públicas

Overview

  • Prime Minister Ernesto Álvarez said President José Jerí requested that Julio Velarde remain at the helm of the central bank for another five-year term following an October 29 meeting.
  • Velarde has not confirmed his decision, and the prime minister indicated the central bank chief likely thanked the request but stressed the choice falls to the next government.
  • The Economy Ministry reported the BCRP offered technical support to the MEF, with joint teams expected to be organized in the coming weeks to improve policy implementation.
  • Economy Minister Denisse Miralles said Velarde is preparing a technical team to succeed him, and Velarde previously pointed to Adrián Armas and Paul Castillo as potential internal successors.
  • Officials are presenting the outreach as a signal of policy continuity to bolster confidence, as recent assessments such as Fitch’s rating review noted strengths alongside vulnerabilities in the executive branch.