Impressing Investors

Julio Velarde to remain as head of Peru's Central Reserve Bank

from living in Peru

Peru’s President-elect Ollanta Humala has stated that the head of the country’s Central Reserve Bank, Julio Velarde, will remain in office. Current President Alan Garcia commented by saying it was a “wise decision” that would give Peru "immediate trust in international markets."

==============

PNE Opinion:

This is a good decision. It points to a more measured approach, rather than the radical rhetoric of Humala’s past campaigning. As for Congressman Javier Diez Canseco’s comment, that this move was only to reassure investors, reassuring investors is just fine with me. As will be any future decisions by Huamla that show deference to the investment and business community. I don’t care what the reason is, what I care about is that Humala’s agenda remains controlled by real world circumstances and ramifications. If at any time that changes it will negatively impact, not only my opinion of Humala’s leadership, but also the opinion of the world investment community. This is a hopeful sign that Humala not only understands that fact, but that he is willing to yield to it. The only path to opportunity and a prosperous future, for all residents of Perú, is through continued foreign investment.

Comments posted here may be copied to the Peru-N-English Discussion Group site.