The Ministry of Economy and Finance (MEF) said that foreign investors foresee a rapid economic recovery in Peru, driven by the stimulus plan designed and launched by the Government.
"Many of the investors believe that the economic revival in Peru will probably be faster than in other Latin American countries due to the stimulus package launched by the Government," Public Treasury Director General at MEF Jose Olivares stated.
Olivares noted that the successful placement of Peruvian bonds in the foreign market, held Thursday, April 16, constitutes a vote of confidence in the Peruvian economy, as investors are purchasing debt instruments from our country due to its good performance.
"The results are quite positive. We have greatly improved the foreign currency issuance record in capital markets," he said.
According to Economy and Finance Minister Maria Antonieta Alva, the obtained resources will be used to finance part of the stimulus package, which is totally focused on the population to address the COVID-19 emergency.
Moreover, she noted that this debt management operation is a way to obtain liquidity. The other ways involve budget reallocations and asset management.
(END) CNA/JJN/RMB/MVB
Published: 4/20/2020