Chief Investment Strategist for Latin America for BlackRock, Axel Christensen, affirmed that he finds no evidence of risks in
the macroeconomic fundamentals that strengthened Peruvian economy, under the new Congress.
When asked if the configuration of the new Congress may put the country's macroeconomic policies at risk, he ruled out such possibility.
"There is no evidence that somehow it will be like the tension experienced before, which had triggered changes in the Cabinet and the most visible signs of political uncertainty, thus ending up in a constitutional crisis last year. Now, these types of fears might be reduced a little," he told Andina news agency.
"This does not mean, however, that political groups will not sit together to discuss —as is the case in any democracy around the world— or that they will not negotiate any type of bills from now on," Christensen expressed.
"To
BlackRock, as to other investors with investment experience in emerging markets, the political noise is an inherent part of investing in this type of markets," he added.
(END) MDV/RMB/MVB
Published: 1/29/2020