Andina

Fitch Ratings: Peru to remain attractive investment destination in LatAm

LIMA, PERÚ - DICIEMBRE 26. Vista aérea del Centro Financiero de la capital, durante el patrullaje del helicóptero de la policía nacional. Foto: ANDINA

LIMA, PERÚ - DICIEMBRE 26. Vista aérea del Centro Financiero de la capital, durante el patrullaje del helicóptero de la policía nacional. Foto: ANDINA

11:16 | Lima, Sep. 28.

Peru will preserve its position as one of the most attractive investment destinations in Latin America in the coming years, not only for its natural resources but for its potential as a value-added generator.

According to Fitch Ratings Americas Sovereign Panel Associate Director Kelli Bissett-Tom, Peru's stable economy will help attract investments into the country's productive sectors.

"Investors tell us they keep close track of the situation in Peru and pay particular attention to the mining activity, as well as other sectors with growth potential," she told El Peruano official gazette.

Bissett-Tom stressed investors' increased interest in fishing, which involves developing products for direct human consumption.

Moreover, they expect new opportunities to increase productivity in the service sector and the implementation of infrastructure projects across the country.


On the other hand, Peru's Agriculture and Irrigation Ministry (Minagri) recently informed the forestry sector will become one of its portfolio's priorities as it enters its second year in office.

As is known, Peru has 73 million hectares of forest cover, but exports stand at merely US$200 million a year.

Also, the committed investment in forestry amounts to US$1.4 billion, and its development will increase wood supply in Huanuco, San Martin and Madre de Dios regions.

(END) DOP/CAN/RMB/MVB

Published: 9/28/2017