Julio Velarde says that meritocracy is needed in the country

The president of Central Reserve Bank (BCR), Julio VelardeHe pointed out that it is necessary that in the country there is meritocracy in institutions.

President of the BCR says that many officials “should try to fulfill their function.”

“Here we have backed down (in Meritocracy). In the 60’s to enter a ministerial position, exams were presented, which is no longer. In the 70’s a large incentive was given, which much of the good ones who were not very old left.

In the same way, the head of the BCR questioned that today the productivity of a Peruvian worker is lower than the minimum salary of the United States. In that sense, he indicated that to increase productivity it is necessary to improve education.

Velarde also referred to technocracy in the country. “When one remembers some public officials who had been 25 years ago, and the weight they had, how they really managed to impose that, it is sorry for what we have now. I hope it can be restored,” he added.

“You can really even point to people who promoted reforms in the last 30 years. Not only ministers, but people within the ministries, I don’t see that now, or I don’t know them now,” he added.

Legal security

On the other hand, Julio Velarde, Velarde referred to the breach of fiscal rules by the Executive, something that would be repeated this year with a fiscal deficit estimated by the BCR of 2.2% of GDP.

“For fiscal recklessness to begin to notice, it is probably missing a time. (…) The problem is that, if it is not corrected, it will arrive,” said the official.

Meanwhile, the representative of the Central Reserve Bank highlighted the need that there is legal certainty in all fields, so that investments can be attracted to the country.

“Not enough care has been taken when a concession has almost been cut in a demagogically. They have to think about the consequences. (…) We are the country that has more cases of controversy,” he explained.

He also emphasized that predictability in economic driving is essential to attract investment and ensure that external shocks do not derive in internal crises. “Stability is the best guarantee for long -term development. We cannot risk repeating the mistakes of the past,” he added.

Receive your Peru21 by email or by WhatsApp. Subscribe to our enriched digital newspaper. Take advantage of discounts.