Andina

Peru: Finance Ministry, Central Bank coordinate measures to maintain economic stability

Photo: Ministry of Economy and Finance of Peru

Photo: Ministry of Economy and Finance of Peru

21:15 | Lima, Aug. 9.

Economy and Finance Minister Kurt Burneo met with Central Reserve Bank (BCR) Governor Julio Velarde to embark on an effort coordinated between both institutions in order to achieve the common goal of maintaining the macroeconomic stability of the country.

At the meeting, the head of the Ministry of Economy and Finance (MEF) expressed his absolute respect for the independence of the BCR.

Likewise, he stressed the need to improve coordination between the two governing bodies responsible for the economic policy, taking into account the current challenges that must be faced due to external effects.

"In the face of the challenges imposed by the international situation and the response to the needs of our population, it is essential to further stress the articulation of monetary and fiscal policy actions and make them complement one another," the minister stated.

"We will seek better harmony and coordination as we share the common goal of achieving macroeconomic stability," he added.

The head of MEF explained that permanent coordination is part of the ultimate goal, which is to boost the economy and generate greater well-being by ensuring equal opportunities for all Peruvians.

"This is the aim of the Government's policy and requires a joint effort on the part of public institutions, with the MEF and the BCR playing a fundamental role," he remarked.

In this sense, the government official reiterated that economic growth is key to promoting public policies, letting go ghosts of disagreement or confrontation, which do not help achieve such objective.

(END) NDP/RMB/MVB

Published: 8/9/2022