Peru | The choice behind the election

Summary

The article contrasts the Peruvian institutional instability with the solidity of the Central Reserve Bank under Julio Velarde. Given his possible succession, the urgency of preserving monetary autonomy and the technical training of its staff to avoid future crises is emphasized.

Key points

• Key points:
• The designation of the president of the board of directors of the issuing entity by the next administration emerges as one of the most determining economic policy decisions to guarantee institutional continuity.
• International reserves reach 95 000 million dollars, representing close to 30% of the GDP, while inflation has remained in single digits for almost three decades.
• More than one thousand eight hundred economists have passed through the central bank's Summer Course since 1961, consolidating a prepared team that could assume leadership in the succession process.

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