Peru's Central Reserve Bank (BCRP) has been ranked the top central bank globally in a new assessment by Citi Research and the International Institute for Management Development (IMD).
The accolade underscores the institution's reputation for stability and credibility, particularly under the long-standing leadership of Governor Julio Velarde, who was recently nominated for a new term by President Keiko Fujimori.
The high ranking for monetary policy stands in sharp contrast to broader structural weaknesses identified in the same report.
Peru's government efficiency ranked 60th out of 70 countries, while its infrastructure score placed 65th.
This divergence highlights a persistent challenge for the Peruvian economy: strong macroeconomic management at the central bank level is not fully offsetting bottlenecks in public administration and physical capital development.
Citi Research projects Peru's GDP growth at 2.9% for 2026, with a slight acceleration to 3% expected in 2027.