The IDB representative in Peru, Fidel Jaramillo, noted that Peru's economy will close 2012 with a 6% growth rate, as estimated by the multilateral agency early this year, while other economies have slowed.
"When everyone thought Peru would grow only five percent this year, the IDB announced that it will grow by 6%, and we will close at that rate, so we are right. Now, I think 5.5% is a very good growth rate and we can achieve it next year," he told Andina.
He said that Peru is in a unique position to face the effects of international financial volatility, due to its higher reserves, lower debt and higher public and private investment.
"I think its macroeconomic, fiscal, monetary and financial strenght gives Peru the opportunity to be better prepared to face any international swing, than any other emerging economy," he said.