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inPERU's Road Show New York confirms Peru economy's solid foundations


00:03 | New York (U.S.), Sep. 14.

The global capital market reiterates Peruvian economy's solid foundations amid an increased perception of risk towards emerging markets during inPERU's 14th Road Show "New York 2018," Head of Research at CrediCorp Capital Daniel Velandia informed.

Peru's current investment promotion tour is led by Economy and Finance Minister Carlos Oliva and Central Reserve Bank (BCR) Governor Julio Velarde.

The event is intended to promote the Inca nation, as well as share the guidelines of the fiscal and monetary policy implemented in the country.

The 22-people delegation includes national authorities, inPERU Chairman Francis Stenning, private sector representatives, and press members.

Peruvian Bank Association (Asbanc) President Martin Naranjo and American Chamber of Commerce of Peru (AmCham) Executive-Director Aldo Defilippi are also among the attendees. 

"We've seen the way assets and currencies —mainly those of Argentina, Turkey, and Brazil— have been recording very negative performances, in addition to the outflow of investment in said countries," Velandia told Andina news agency.

In this sense, he commented Credicorp Capital has a clear vision about Colombia, Chile and Peru's economic leadership in the region.

"These countries have very solid macroeconomic foundations. In this case, Peru is well placed to cope with this situation," he underlined.

Favorable impact

Additionally, he finds it very appropriate to emphasize the position of the Inca country in emerging markets.

"This is the right moment to get investors' attention in sectors like mining. Peru has been the most attractive mining investment destination since last year, due to its low-cost production and high development potential," he explained.

About

inPERU is a non-profit Peruvian association founded by the main business organizations of the Inca market.

On this occasion, the road show focuses on the financial sector.

(END) RMB/MVB

Publicado: 14/9/2018