The newly-appointed Cabinet, led by Mercedes Araoz, signals a continuity of public policies, thus engendering confidence among private investors, Moody's Sovereign Risk Group Vice-President Jaime Reusche affirmed Tuesday.
"The
Cabinet includes six new faces, but overall there is a sense of continuity of public policies. This is key to give peace of mind to private and business sectors," Reusche told Andina news agency.
He said the macro-fiscal management has not seen drastic changes, and public investment spending execution might experience some delays due to the shifts in the Cabinet, although they are not believed to be excessive.
"It seems the private sector is more confident now since, despite the political noise that has become part of the country's DNA, this does not imply sudden changes in the economic course," the officer expressed.
"Plus, Peruvian economy's resilience is being shown amid various shocks," he added.
Reusche also views the recent ministerial Cabinet change as an "orderly transition" and noted the profile of the new Economy and Finance Minister Claudia Cooper.
(END) MDV/MDV/RMB/MVB
Published: 9/19/2017