Peru’s central bank president, Julio Velarde, has urged the nation to reduce clientelism in order to revitalize economic growth. He noted that Peru has fallen from being among the fastest-growing economies in Latin America over the past decade. Velarde’s comments emphasize the need for a more professional and merit-based public administration. He believes tackling patronage—favoritism in appointments—is crucial for improvement. This shift, he suggests, would foster an environment conducive to sustained economic expansion. The call reflects concern over the current state of governance and its impact on national development. A more effective and impartial public sector is seen as key to unlocking Peru’s economic potential.