LIMA, PERÚ - OCTUBRE 07. Exposición de José Viñals, Director del Departamento de Mercados Monetarios y de Capital del FMI en el marco de las reuniones Anuales del Banco Mundial y Fondo Monetario Internacional.
Foto: ANDINA/Juan Carlos Guzmán Negrini.
Peru is one of the countries with one of the region’s best economic fundamentals and is tackling the decline in metal prices with sound fiscal and monetary positions, said Jose Viñals, Financial Counselor and Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF).
After attending the launch of the Global Financial Stability Report (GFSR), he explained there are countries such as Brazil and Venezuela that must work harder to overcome problems caused by external volatility.
"Peru is one of the economies with the region’s best economic fundaments and, along with Chile, is facing lower metal prices with solid fiscal and monetary positions; besides, their macroeconomic frameworks will help them avoid the transition," he stated.
Pacific Alliance
He noted Peru, Mexico, Chile and Colombia (Pacific Alliance member countries) economic fundamentals are more solid than those of other countries in the region.
"In some cases, these countries have embarked in adjustment processes, which puts them in a less vulnerable situation to face winds from abroad unlike other economies facing bigger challenges such as Brazil, Venezuela, Ecuador, Argentina," Viñals pointed out.
(END) JCC/RES/RMB/MVB
Published: 10/7/2015