on Tuesday indicated that, as a result of a prudent fiscal management history, Peru has decreased the exposure of public debt to exchange rate, interest rate, and refinancing risks.
"This is achieved through a strategy of active public debt management that prioritizes debt in local currency, at fixed rates, and at terms that do not generate significant pressure on financing needs," the MEF indicated.
"This strategy also involves the good practice of conducting debt management operations that optimize the structure of public debt," it added.
The
MEF indicated that the
percentage of total debt at fixed rate increased from 33% in 2000 to 85% in 2023.
The percentage of total debt in local currency increased from 6% in 2000 to 49.4% in 2023.
In turn, the average maturity of public debt increased from 8 years in 2000 to approximately 12.1 years in 2023.