Julio Velarde: “We have the income to provide better services”

On the second day CADE leadersthe president Central Reserve Bank (BCR) Julio Velardeconsidered that there are reasons to explain the dissatisfaction of the population with the fact that the state did not deal with their needs, despite the availability of sufficient resources for this.

“There are basic basic services that need to be provided. If a basic services The most expected population is not provided, it is not surprising that they are dissatisfied, and finally we have income to provide better services,” he said.

For the banker, there are clear steps to address these issues; however, there is a problem of specifying them. “We need a more efficient civil service, better Public administration, investment in infrastructure, investment in education, provide innovation. All the factors have been mentioned, the problem is how it will be implemented,” he explained.

Julio Velarde also said that the growth potential of the economy is deteriorating. This is based on forecasts made by the monetary unit, which expects growth GDP 3% at the end of the year.

“There is really a lot of inertia in growth. Consume in line with expected growth, invest against growth, a lot of inertia. This is similar to what happened in Brexit“I warned four years ago that this would hit the economy hard, only this year it affects, in four years … and there remains inertia, which, I think, may have a gradual deterioration,” he said.