Peru can secure competitive financing thanks to sound fiscal position

LIMA,PERU-MAYO 05.Via expresa y Centro Financiero.Foto: ANDINA/Oscar Farje Gomero.

08:40 | Arequipa (Arequipa region), Sep. 21.

Peru can get competitive financing from international markets thanks to its sound fiscal performance confirmed by investment grade ratings from three credit rating agencies, Economy and Finance Minister Claudia Cooper affirmed.

"We have a sound fiscal position that everyone trusts. Therefore, we must remain committed to keeping Peru a fiscally responsible country, and we are one of the best in this regard," she stated.

Speaking at Perumin 33, Cooper said Peru's image of a responsible country should remain intact because this results in a favorable financing cost.

This way, she continued, long-term loans of up to 40 years —with quite competitive nominal rates— are more likely to be granted.

"We can use it to fund infrastructure and housing works. This triggers a significant revival. It is thus one of the main pillars when it comes to ensuring a more sustainable, dynamic and rapid growth of the country," she asserted.

Investment grade

The minister emphasized it will be vital to ensure fiscal sustainability in order to achieve economic growth in the short and medium terms. In this sense, improvements are being made in a complex regional environment.

(END) CNA/MDV/RMB/MVB

Published: 9/21/2017

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Peru can secure competitive financing thanks to sound fiscal position

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