Economy and Finance Minister Alfredo Thorne on Friday highlighted the Peruvian Government is working on measures to attract more investors to the local capital market, a priority for President Pedro Pablo Kuczynski's administration.
In this sense, the government official noted the Executive has adopted three measures to upgrade products, seeking to further develop the said market and reduce costs for participants.
These include tax-free benefits for investments in highly liquid securities.
Regarding the improvement of products, the Inca nation's government is working on enhancing its factoring offer, as well as the capital market's security system.
World Bank Group has warned that traditional sources of financing can no longer cover emerging economies' long-term needs in terms of strategic development sectors, especially infrastructure.
Thus, said countries are now turning to capital markets as a new alternative to attract these private resources.
Remarks were made during "Fostering Local Capital Markets – a Path to Growth and Prosperity" forum within the framework of the 2017 World Bank Group (WBG) – International Monetary Fund (IMF) Spring Meetings.
The event also featured renowned authorities like International Finance Corporation (IFC) Executive Vice President and CEO Philippe Le Houerou and WBG Equitable Growth, Finance and Institutions Vice President Jan Walliser.
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