LIMA PERÚ, OCTUBRE 11. Julio Velarde, Presidente del BCR en la Reunión Anual del Banco Mundial y FMI . Foto: ANDINA/Melina Mejía
At the regional level, Latin America’s financial situation, hit by international turbulence, will manage to improve, Peru’s Central Reserve Bank Chairman Julio Velarde affirmed during his final participation at the Annual Meetings of the Boards of Governors of the WBG/IMF on Sunday.
"Among investors, there is optimism about Peru," he highlighted at a discussion on Pacific Alliance economic and financial implications. The meeting saw the presence of Colombian Finance Minister Mauricio Cardenas and Chilean counterpart Rodrigo Valdes.
Officials explained the agreement development began with the incorporation of the countries' stock markets into the Latin American Integrated Market (MILA).
Common aspects
In that sense, the Monetary Authority Head highlighted common aspects, such as relying on autonomous Central Banks, having implemented very prudent macroeconomic policies, recorded high growth rates over previous years, as well as having made savings on periods when commodity prices were still high.
The three officials addressed the strengths and challenges currently faced by their economies within a context hit by low commodity prices, reduced international liquidity and local currency devaluation.
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Published: 10/12/2015