Julio Velarde, Peru’s central bank governor, has steered the economy through crises in a country that the U.S. increasingly views as an important regional ally. https://t.co/eGZezjfgZE
Peru votes today. I was there in March and saw a country almost detached from politics. There's nothing else quite like it in Latin America.
People treat politics like a media show with little importance in their daily lives. It's curious because, despite the permanent crisis of having had eight presidents in ten years, it's still one of the most dynamic economies in Latin America. Investment is growing by perhaps 10% this year. And it's domestic investors who are betting on the country. That reflects the strength of some institutions, especially the Central Bank, where its president, Julio Velarde, has remained in power for more than 20 years. Many talk about building him a statue to celebrate what he's done.
But no country can endure that reality forever. It's also a country with major challenges: More than 70% of the country in the informal economy. The massive growth of illegal mining. And an economy that could be growing not at 2.5% as currently estimated, but at 5%, 6%, or 7%, given demand for its minerals and other exports. Much will depend on who is elected. And with 35 candidates, anything is possible.
Las pocision de cambio, las reservas que son propiedad del BCRP, bordean los US$ 70000 millones. Son demasiados? No, no conocemos el tamaño de la siguiente crisis que obligue al BCRP a vender un montón de dólares. La posición de cambio es como un seguro oncológico para el país.
#ElNiñoCostero está con nosotros; está creciendo y lo está haciendo rápido.
Si el nuevo gobierno no prioriza el clima; el clima le impondrá esa necesidad al gobierno nacional. Lo mismo para gobiernos regionales y locales.
La población empieza a sufrir los estragos de un fenómeno climático que puede, fácilmente, potenciarse aún más.
Esto también es política. Pero de la útil. Manos a la obra.
Los Niños - entre sus estragos - acumulan una larga lista de políticos indolentes.
Cuidemos, cada uno desde nuestras posibilidades, a nuestro país. 🇵🇪
Saludos
AL
A country where every former president ends up in jail, so the congress and public spend weeks fighting over who will be forced to be the next president, with everyone trying to dodge that fate, would make for a good Vargas Llosa novel.
Una vez más, la realidad demuestra que no hay capacidad de gestión de crisis, no hay planes de contingencia ni capacidad de respuesta frente a una desgracia.