Peru Congresswoman Proposes Extending CTS Free Withdrawal to 2028

Congresswoman Norma Yarrow has introduced a bill to amend Law 32322, extending the free withdrawal of CTS (Compensation for Time of Service) deposits until 2028, citing the El Niño phenomenon. The proposal removes the requirement to prove damage from rains or natural disasters, which would broaden access. This is a domestic legislative initiative with potential implications for Peruvian household liquidity and banking sector stability.

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