Andina

IDB: Peru to be one of fastest-growing economies in South America in 2017


LIMA, PERÚ - DICIEMBRE 26. Vista aérea del Centro Financiero de la capital, durante el patrullaje del helicóptero de la policía nacional. Foto: ANDINA

16:57 | Lima, Apr. 19.

Inter-American Development Bank (IDB) representative in Peru Viviana Caro praised the economic performance of Peru, which shapes up as one of South America's top performers this year.

"As previously stated, Peru is one of the best countries in the region, and is likely to rely on the highest growth rate," she was quoted as saying by Andina news agency.

According to Caro, Peru has an economic basis that facilitates investment and bond issuance; plus, it remains a center of attraction for investment.

On Tuesday, the World Bank Group (WBG) projected Peru's GDP will grow 3.7% this year, placing it at the forefront of South America's economic expansion.

Likewise, the International Monetary Fund (IMF) expects Peru's economy will climb 3.5% in 2017. 

Such forecast features the second-largest economic expansion in South America after Bolivia (4.0%) this year.

Remarks were made during the 2017 Quo Vadis International Forum, which convened experts and Peruvian government officials to discuss and present proposals to boost the local economy.

(END) CNA/MDV/JJN/RMB/MVB

Published: 4/19/2017