The Peruvian Government and private sphere will gain easier access to international credit, provided that fiscal discipline is maintained as recently announced by President Pedro Pablo Kuczynski, the Economist Intelligence Unit (EIU) anticipated.
"It is always good news that the President [Kuczynski] guarantees Peru will sustain its fiscal discipline. That will facilitate access to international credit not only for the national government, but also for the private sector and sub-national governments," EIU analyst Fernando Freijedo told Andina news agency.
"This will help sovereign bonds maintain their investment grade rating," he added.
During his
July 28 Address to the Nation, President Kuczynski assured the government would maintain its economic and financial discipline to ensure good credit for Peru.
Economic growth
The EIU officer noted the success of Mr. Kuczynski's economic plan would depend on the government's capacity to jumpstart public investment, as well as on progress made in the legislative agenda addressing pro-investment measures.
In his annual presidential speech, Mr. Kuczynski also revealed government measures to achieve over 4% annual growth through greater public infrastructure investment, as well as mining and hydrocarbons sectors.
(END) MMG/CNA/DHT/MVB