Andina

Peru: FA, Finance Ministers meet with businesspeople and investors at AS/COA event

Photo: Ministry of Finance and Economy of Peru

Photo: Ministry of Finance and Economy of Peru

11:34 | New York (U.S.), May. 27.

Peruvian Ministers Cesar Landa (Foreign Affairs) and Oscar Graham (Economy-Finance) participated in an event organized by the Americas Society/Council of the Americas (AS/COA) aimed at disseminating the situation of political-institutional stability in Peru, as well as the prospects for its economic situation in the short, medium, and long terms —among business, investment, and interest sectors.

AS/COA is a leading organization in the promotion of hemispheric understanding and dialogue, as well as in the discussion of strategic issues of foreign policy, development, trade, economy, and politics of interest to governments across this hemisphere.
 
The meeting —which was chaired by AS/COA CEO Susan Segal— also served to convey the Peruvian Government's interest in promoting business and investments to the United States.

This event was attended by businesspeople and representatives from Bank of America, Goldman Sachs, J.P. Morgan, Citibank, American Tower Corporation, Credit Suisse, Elliott Investment Management L.P., Google, General Electric Company, Mitsubishi Corporation, Merck, Macquarie Group, Moody's Investors Service, Santander US, Shearman & Sterling LLP, Simpson Thacher & Bartlett LLP, Societe Generale Corporate & Investment Banking, Telefonica Hispam, Prudential Financial, Grupo Pro Amazonia, Linklaters LLP, Japan Bank for International Cooperation, Hogan Lovells US LLP, Greenberg Traurig LLP, Freeport-McMoRan, BlackRock, BBVA, and DLA Piper Argentina.
 
Minister Landa highlighted the full observance of the rule of law in Peru, which enables a favorable environment for investments aimed at improving the population's quality of life.

Likewise, he highlighted Andean diplomacy, Amazonian diplomacy, and —particularly— the multilateral diplomacy, as well as Peru's membership in the WTO, which —together with its observance of international law and dispute settlement— allows making progress towards achieving the objectives set and in providing greater opportunities for the development of Peru.
 
In turn, Minister Graham highlighted the low level of fiscal deficit and the macroeconomic soundness maintained over time.

The official reported that the current crisis has taken Peru at a time when it was prepared. He added that the economic reopening has made it possible to resume the growth pace existing prior to the COVID-19 pandemic.

Responsible management is part of the current administration's commitment, as well as the outlooks towards fiscal consolidation, he said.

Furthermore, Minister Graham made a GDP growth projection of 3.6% for 2022. At the same time, he highlighted the social policies implemented to meet the needs of vulnerable populations affected by the current economic crisis. 

Maintaining the risk rating and competitiveness is a priority of the current Government, he stressed.

Moreover, Graham reported that among priorities are the economic diversification: aquaculture, tourism, and forestry —from a sustainable and social perspective.

He also announced that the Government is taking measures to solve the fertilizer shortage problem and expressed confidence that the Government is actively preparing to face the food crisis.

The representatives of companies at this event exchanged views with both authorities and highlighted the importance of promoting activities or sectors through diversification, as well as the use of technology and innovation.
 
For her part, Susan Segal once again reaffirmed that AS/COA constitutes an impact platform in the business, institutional, and political world of the United States with interest in Latin America.

Editor's note: Information provided by the Ministry of Economy and Finance of Peru.

(END) NDP/MVB

Publicado: 27/5/2022