This announcement was made through the verified account of the
Presidential Office on the X platform.
"Peru is a reliable partner! The risk rating agency, Fitch Ratings, confirms that the measures adopted by the Government have yielded good results in economic terms by raising its investment outlook for the country," it stated.
"Peru's 'BBB' ratings are also supported by strong external liquidity, a track record of macroeconomic stability and a disciplined policy framework," Fitch indicated.
Among the factors that led to the improvement in the outlook, the fiscal impulse that supports Peru's economic growth stands out.
"We expect real GDP to recovery by 3.0% after contracting by 0.6% in 2023, reflecting the recovery of the agricultural and fishing industries, ongoing fiscal impulse, solid copper output, and support to private consumption from a new pension withdrawal and lower inflation," Fitch pointed out.
"We see growth returning towards its potential of 2.5% after 2024. Activity will be buoyed by the completion of large infrastructure projects (e.g., Lima airport), and favorable global demand for minerals," it added.