Piero Ghezzi, executive director of Barclays Bank, said that this positive fact will not change, since Peru have demonstrated the benefits of sound and credible monetary and fiscal policies.
"The fiscal and monetary discipline allowed the country to, for the first time ever, develop a countercyclical policy compared to the past when it was forced to raise interest rates and tighten fiscal policy when external conditions were negative," he said.
Ghezzi noted that Peru's prospects in the short term, for these five years, are positive, however, there are further challenges that lie ahead.
The economist said that Peru has gone from being a poor country to have a middle income economy, but much more is needed to achieve development, and it is clear that the inertia of current policies will not lead to that level of growth and development over the next 20 years.
"Peru should avoid falling into the trap of middle income, a situation in which countries grow for a time at very high rates, but then get stuck at an average level without successful development", he said.