Andina

Pacific Alliance adopts measures to line up with financial market

LIMA PERÚ, OCTUBRE 9. Ministro de Economia, Alonso Segura, acompañado por los ministros de economía de la Alianza del Pacifico, ofrecen conferencia de prensa. Foto: ANDINA/Melina Mejía

LIMA PERÚ, OCTUBRE 9. Ministro de Economia, Alonso Segura, acompañado por los ministros de economía de la Alianza del Pacifico, ofrecen conferencia de prensa. Foto: ANDINA/Melina Mejía

11:58 | Lima, Oct. 10.

Pacific Alliance member countries are implementing measures to line up with the financial market, so that integration process can be developed as established in the agenda, Peru’s Economy and Finance Minister Alonso Segura affirmed.

The bloc’s economy and finance ministers got together to review the work agenda, which is advanced through technical sessions.

“We are not only working to develop a joint agenda, but to adopt measures to line up with other nations, as is the case of  public stock offerings, which is something Colombia has implemented and Peru already had,” he pointed out.

He said the steps taken by Peru to exempt more liquid stocks from capital gains tax are a hybrid of the mechanisms implemented in Chile and Colombia, resulting in a homogeneous device.

Real estate investment funds were also mentioned. “This model has been built around a Mexican experience; that is, we are working on a common agenda and moving forward through experiences and practices of other countries,” he commented.

Secretary of Finance and Public Credit Luis Videgaray assured ministers share a deep conviction that macroeconomic management and fiscal prudence value has increased.

On the other hand, Chilean Finance Minister Rodrigo Valdes observes a rapid and safe progress on the integration agenda, but with prudence and responsibility.

The meeting took place within the framework of the 2015 Annual Meetings of the Boards of Governors of the IMF and the World Bank Group, which is currently underway in Lima, Peru.

(END) JCC/JJN/RMB

Published: 10/10/2015