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Peru’s Central Bank President and Finance Chief Spar Over Economy
Peru’s top economic officials are squabbling over the country’s weak economy. Central bank President Julio Velarde appeared to criticize Finance Minister Jose Arista at a mining event this week. Velarde, who has been in the role for 18 years, said that finance ministers in the past were able to stop Congress from increasing public spending. But he said finance ministers were now too scared of being fired by Congress to criticize or try to stop certain initiatives. “Let’s hope that our next president has a congressional majority,” Velarde said. President Dina Boluarte has been in power since December 2022 ... (full story)