Agro-exports exceed US$15 billion, papal visit projects tourism boost, and Senator Morales unjustifiably criticizes Velarde in ratification session

Agro-exports exceed US$15 billion, papal visit projects tourism boost, and Senator Morales unjustifiably criticizes Velarde in ratification session

In the Traffic Light of this Friday, September 4, learn about El Comercio’s stance on the following topics. First, Peruvian agro-exports exceeded US$15 billion in 2025, consolidating formal employment, although they face challenges in innovation and water management. Second, the visit of Pope Leo XIV, from November 11 to 16, would mobilize more than one million tourists and generate up to US$100 million. Finally, the exchange between Humberto Morales and Julio Velarde during the ratification of the president of the BCR revived the debate about respect for institutionalism.

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Julio Velarde celebrates 20 years at the helm of the BCRP: Five interactive charts to understand the milestones achieved during his tenure

Julio Velarde celebrates 20 years at the helm of the BCRP: Five interactive charts to understand the milestones achieved during his tenure

Today, it is an almost indisputable fact that the Central Reserve Bank (BCR) stands out among various public institutions as an island of efficiency within the State. Since Julio Velarde’s appointment at the head of the BCR almost two decades ago, the institution has maintained an average annual inflation of 3.2%, the lowest in the region. In 11 of the last 20 years, the year-end annual inflation remained below 3% and only escaped the target range (between 1% and 3% of the annualized rate) in specific periods mainly associated with supply shocks related to international factors.

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