12:42 | Davos (Switzerland), Jan. 17.
Economy and Finance Minister Alfredo Thorne, who is currently in Davos for the World Economic Forum, noted that Goldman Sachs investment bank recommended Peru as an investment destination.
Foreign investors are highly interested in Peru. After having held four meetings this morning, on the sidelines of the Forum that kicked off today and runs until January 20, two foreign firms expressed to him their desire to invest in the Andean country.
"In fact, this morning, the large investment bank Goldman Sachs said Peru was among its recommended picks," he underlined.
Likewise, an international investment fund is highly interested in expanding its presence in Peru.
"In general, the sentiment towards Peru is quite positive […] many investors are running away from other emerging markets to channel their investment into countries like ours," he was quoted as saying.
The economic environment for the country is interesting because the domestic currency (Nuevo Sol-S/) has appreciated against the U.S. dollar, which is a good thing.
"The price of our bonds will continue to rise, meaning our interest rates keep on falling," he added.
Increasing interest in China
Likewise, he said China's participation in Davos has been quite important. Its role and that of the United States have become reversed with regard to global trade.
"China has turned into an advocate of integration, and the United States —governed by Trump— is kind of criticizing that [...]," he said.
"Various Chinese firms are interested in increasing their investment in Peru, they aim various initiatives, from transport to hydroelectric projects," he told RPP radio and TV station.
(END) MDV/MDV/RMB/MVB
Published: 1/17/2017