The Central Reserve Bank of Peru (BCRP) reported that its president, Julio Velarde, was awarded as the Central Banker of the Americas of the Year 2022 by the international magazine The Banker, from the Financial Times publishing group, in recognition of their outstanding work in 2021.
The prestigious magazine awards this recognition to central bank governors with better management to stimulate growth and stabilize their economies. This is the third award that the president of the BCRP receives from The Banker.
“Few in Latin America have held a position and enjoyed the international respect sustained for as long as Julio Velarde. At the helm of the Central Bank of Peru since 2006, Velarde has remained a reassuring figure, both politically and economically, even during troubled times. During his tenure, the country has been led by seven different presidents, “he said..
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The handling of Velarde to face the repercussions of the pandemic was highlighted. “The fall in economic activity had serious implications on liquidity, to which the central bank responded with quick measures, which included not only considerable direct monetary injections to support the payment system, but also a reduction of the policy rate to historically low levels, ”the magazine noted.
In 2020, Julio Velarde was awarded as Central Banker of the Americas; In 2015, he was considered the Central Banker of the Year worldwide.
Other recognitions
The president of the BCRP has also been recognized as Central Banker of the Year 2016 for Latin America by Global Markets, Central Bank Governor of the Year 2016 by LatinFinance, as well as the Best Central Banker in 2015 and 2016 by Global Finance.
In 2010, he was awarded as Central Banker of the Year for Latin America by Emerging Market. Likewise, Velarde was placed in the group of central bankers with highest rating in the world, according to the 2021 report prepared by the specialized magazine Global Finance.
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