The Economist Julio Velarde was sworn in this Tuesday as president of the Central Reserve Bank (BCR) for 5 more years, an institution he has been in charge of since 2006.
The president of the Judicial Power, Elvia Barrios, was the one who took the oath of Velarde from the oath room of the National Palace of Justice.
The directors of the BCR appointed by the Executive Power were also sworn in: Roxana Barrantes Cáceres, José Ignacio Távara Martín and Germán Alarco Tosoni.
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The Presidency of the Council of Ministers (PCM) confirmed in October the ratification of the economist as president of the monetary entity.
Julio Velarde has directed the country’s monetary policy for 15 years, when he was appointed head of the central bank by former President Alan García. He has been recognized as the Central Banker of the Year globally in 2015 by the international magazine The Banker, of the Financial Times publishing group, and as the Central Banker of the Americas of the Year 2020.
It is still pending that the Congress of the Republic elects the other 3 directors who will also accompany Velarde on the board of the BCR.
