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    "headline": "Peruvian Senate Committee to Vote on Ratifying Central Bank Chief Julio Velarde",
    "dek": "Peru's Senate Special Procedures Committee will vote on September 9 regarding the ratification of Central Bank President Julio Velarde.",
    "prose": "The Special Procedures Committee of the Peruvian Senate must define its recommendation on the continuity of Julio Velarde Flores as president of the Central Bank of Peru by September 9. [^1]\n\nThe Peruvian Executive Branch ratified Julio Velarde Flores for an additional five-year term as president of the BCR via Supreme Resolution 258-2026-PCM, published in the official newspaper El Peruano on August 21, 2026. [^2]\n\nThe Keiko Fujimori government renewed Julio Velarde's designation for an additional five years, marking his fourth decade in the role of president of the Central Bank of Peru. [^3]\n\nThe Special Procedures Committee, chaired by Senator Hugo Ccahuana Aymachoque, agreed to draft a report recommending whether to ratify Velarde. [^4]\n\nHugo Ccahuana Aymachoque, president of the 'Juntos por el Perú' party, leads the Special Procedures Commission of the Senate which is handling the ratification of Velarde. [^5]\n\nThe commission unanimously approved the election of three new members of the BCR board of directors, a process scheduled to begin with a call for proposals on September 3, 2026. [^6]\n\nRatification of Julio Velarde by the Senate Plenary will require 31 votes. [^7]\n\nThe commission began a process to select three remaining members of the BCR board, with the final report due by October 7, 2026. [^8]",
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