Economy and Finance Minister Alonso Segura said international financial markets are confident of Peru’s fiscal solvency, which explains the strong demand for Peruvian debt instruments.
“International markets have confidence in Peru’s solvency, which is why we should maintain that strength and that is what we point when drawing up our fiscal balances,” he said.
Since October last year a significant issuance of sovereign bonds has occurred to finance the 2016 budget without affecting the tax balance.
“Both August and October have seen a significant issuance of bonds and one of them was denominated in euros, with which Peru returned to the euro market after 10-year hiatus […] the idea is to adopt the Peruvian sol (PEN) as the currency of choice, but when borrowing in soles is not possible, you have to explore other alternatives,” he pointed out.
Segura affirmed the 2016 budget —passed last Friday by the Congress of the Republic— has been drawn up with fiscal prudence.
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Published: 12/1/2015