Peru Senate Panel Ranks 10 for 3 Central Bank Seats
A Peruvian Senate panel ranked 10 candidates for three central bank board seats on 7 October. Two nominees of President Fujimori's party lead. The post Peru Senate Panel Ranks 10 for 3 Central Bank Seats appeared first on The Rio Times .
The Peru Senate committee, chaired by Senator Absalón Vásquez, has ranked 10 candidates for three seats on the country's central bank board. The two nominees representing President Keiko Fujimori's conservative party, Fuerza Popular, are Oswaldo Molina and José Stok, who led the list with 94.18 and 91.55 points respectively. Three additional candidates, José Antonio Fernández Baca, Santiago Roca and Juan José Marthans, followed with 90.18, 84.68 and 71.68 points.
Raúl Mauro, Diego Macera, Javier Escobal and Óscar Dancourt rounded out the list. The Central Reserve Bank of Peru (BCRP) currently holds US$96.0 billion in net international reserves and sets interest rates, which impact Peruvian bonds and foreign investments. The final report was approved by the Special Procedures Committee and will now be debated and voted on by the full Senate.
The top three candidates would need 31 votes each to secure two of the three seats. Fujimori's government named the other four directors in August, with the Senate ratifying them in September for the 2026 to 2031 term. The board's decisions on interest rates affect US investors and major Peruvian firms such as Credicorp, Southern Copper and Buenaventura.
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