Peru's Central Reserve Bank (BCR) Chairman Julio Velarde highlighted the Andean country's proper fiscal management in spite of a difficult context due to natural disasters.
As is known, the Inca nation was recently at the mercy of "
Coastal El Niño" phenomenon characterized by heavy rains, landslides and floods.
Likewise, the official ruled out there may be any questions over the country's economic solvency.
In this framework, Velarde stressed that renowned credit rating agencies —such as Moody's Investors Service— have a positive opinion on Peru's proper fiscal management and economic policy.
Therefore, the BCR head affirmed that any concerns about the nation's solvency would be an exaggeration.
"We still rely on wide fiscal space [...], so I think it would be exaggerated to worry about solvency," the chairman said.
inPeru Road Show
It must be noted Velarde on Monday participated in the 12th
inPeru Road Show's opening held in
Toronto (Canada).
At the site, Peru's Economy-Finance Minister Alfredo Thorne rang the opening bell of the Toronto Stock Exchange (
TSX).
The Road Show will continue in New York on May 30 and 31.
During the three-day event, a Peruvian delegation meets with the main Canadian and US investors in order to draw foreign investments into the Andean country.
(END) CCR/JJN/JHM/MVB