Julio Velarde Warns Peru’s Situation Is Worsening, Calls Income Poverty “Almost a Shame”

Julio Velarde says Peru’s situation is worsening, calls income per capita a “near disgrace” By Emily Johnson, headlinez.news April 25, 2026 Peru’s central bank president, Julio Velarde, warned that the country’s economic conditions continue to deteriorate, describing the current state of income per capita as “almost a disgrace.” Speaking in a recent interview, Velarde emphasized that despite some progress in other areas, the lack of meaningful improvement in per capita income remains a serious concern for national development. He stated that the persistence of low income levels reflects deeper structural challenges that have not been adequately addressed, calling the situation “nearly embarrassing” for a country with Peru’s potential. The remarks come amid ongoing debates over economic policy and social inequality in Peru, where growth has failed to translate into broad-based improvements in living standards for many citizens. Velarde’s comments underscore growing unease among policymakers about the uneven distribution of economic gains and the urgent require for reforms that raise productivity and household incomes. Even as he did not specify exact figures or timelines, Velarde made clear that reversing this trend will require sustained political will and coordinated action across government and private sectors. His assessment aligns with broader concerns raised by international analysts about Peru’s struggle to convert natural resource wealth into lasting human development gains. As head of the Central Reserve Bank of Peru, Velarde’s views carry significant weight in shaping national economic discourse and policy direction. The full interview was published by La República and is available through their official channels. Julio Velarde afirma que el Perú está cada vez peor: “Es casi una vergüenza la situación de carencia por el ingreso per cápita”  La República