Year of Investment for Rural Development and Food Security
 
  Updated 16:04 VERSIÓN EN ESPAÑOL
 
Lima, Peru. Sunday, May 19, 2013 - Overcast, 78°F
 
HOME POLITICS BUSINESS TOURISM & GASTRONOMY NATION MISCELLANEOUS
Send Print ¿What are these icons? Mister Wong
Latin Pacific Capital predicts
14:32 Peru, LatAm's fastest growing country despite global crisis
 
Lima, Jun. 16 (ANDINA). Despite the international crisis, Peru will continue to stand out as the fastest growing country in Latin America, with a growth rate of 6% expected for this year, according to Lima-based investment bank Latin Pacific Capital.
Photo: ANDINA/Héctor Vinces.
Photo: ANDINA/Héctor Vinces.

To that end it is necessary to keep the expectations of private sector high in order to maintain investment levels, said Emilio Zuniga, vice president of Latin Pacific Capital, who welcomed the economic stimulus package announced by the Ministry of Economy and Finance (MEF).

"Peru is likely to remain the most dynamic economy in the region, since we are striving to reach a six percent growth in 2012, while growth rates in other countries are flat," he told Andina.

Zuñiga said that Peru has a significant level of fiscal surplus and at the same time many domestic needs, and he recommended taking advantage of these strengths to cope with the negative effects of a global crisis just as in 2008.

"We have a strong demand for sanitation and rural roads could be met with the resources we have, for example, and it will be positive to go ahead with the concession program planned by the government, because all this will accelerate private investment," he said.

(END) JJN/AND/EEP

Date: 16/06/2012
MORE BUSINESS NEWS

Send Print ¿What are these icons? Mister Wong
Chairman of the board: Hugo Coya Honores
General Manager: Horacio Barrios Cruz
Executive Editor: José Luis Bravo Russo
© 2007 Peru News Agency. All Rights reserved.
Av. Alfonso Ugarte 873 Lima 1. Telephone: (51-1) 315 0400 Fax: 431 2849. E-Mail: webmaster_andina@editoraperu.com.pe