Credit Suisse investment bank today asserted that the appointment of Alonso Segura as finance minister of Peru will ensure policy continuity, which should be reassuring for the local business and international investor communities.
“We do not anticipate any drastic shift in macroeconomic management of the country under Mr. Segura. Rather, we expect policy continuity, which should be reassuring for the local business and international investor communities,” said Juan Lorenzo Maldonado, an economist at Credit Suisse Group AG.
The economic analyst noted that Segura served as chief advisor to the Finance Ministry while Luis Miguel Castilla was still in charge of that portfolio.
In addition, he had previously worked at the International Monetary Fund (IMF) as well as the private financial sector, and was advisor to the Finance Ministry during the Alejandro Toledo administration in 2001 and 2002.
Last month, the investment banking division suggested that solid business performance and investors’ restored confidence in Peru were going to translate into higher investments from the private sector in the following months.
(FIN) JJN/JJN/RMB
Published: 9/16/2014