due to the great work done by monetary and fiscal authorities.
"This is good news for Peru and Latin America. The battle against inflation has been won, and the region is about to turn the page on the macroeconomic problems caused by the COVID-19 pandemic," Abousleiman affirmed.
"This is very important, because monetary and fiscal authorities really did a good job, reaching the level of advanced countries," he commented during his participation in the XXXV Annual Research Seminar 2024 of the Economic and Social Research Consortium (CIES).
Similarly, the World Bank director said the decision by the United States to reduce interest rates, which was also supported by Latin American countries, has greatly relieved pressure on households across the region, as well as on the banking sector and productive sectors.
"We hope that this will translate into greater growth for Latin America. Let's remember that, in recent years, Latin America has been growing at a low level," Abousleiman noted.
The WB officer asserted that Peru and the region in general now have a great opportunity ahead.
"We have already overcome the pandemic, but there is an agenda that is crucial to boosting the country's growth process, which covers some key issues such as infrastructure development, promotion of education, regulation, competitiveness and productivity development, as well as the establishment of a coherent tax policy," he expressed.