Economics

Peru’s Central Bank Hopes for Government Change in Venezuela

Central Bank of Peru chief Julio Velarde speaks in interview
Says about 650,000 people have migrated from Venezuela to Peru

Julio Velarde.
Photographer: Mark Kauzlarich/Bloomberg

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By Jill Ward, Telma Marotto, and Neil Callanan

February 25, 2019 at 10:14 AM UTC

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“I hope there will be a change of government to a more democratic government” in Venezuela, Central Bank of Peru President Julio Velarde said in an interview in London.

About 650,000 people have migrated from Venezuela to Peru, Velarde said. Once among the most prosperous countries in Latin America, Venezuela has suffered an economic catastrophe under President Nicolas Maduro, marked by hyperinflation and widespread shortages of food and medicine.