The pursuit of the Odebrecht cases against high-level government officials will be an important step in improving Peru's institutional capacity, Director in Sovereigns at Fitch Ratings Richard Francis affirmed.
"It is important that the cases be seen as impartial and fair. As in other countries, there is still the possibility of set-backs in the process, however," he expressed.
"The judicial system is perhaps the most important institutional factor in the country's advance on improving its
perception of corruption (level) and rule of law," the Director in Sovereigns added.
In this sense, the Fitch representative pointed out the advances that the Inca country makes concerning political stability, rule of law, and control of
corruption could improve the image of the country, leading to
higher investment and
economic growth.
"Improvements could also support improved sovereign creditworthiness," he said.
According to Fitch, Peru's economy will grow 3.8% in 2018, driven largely by improvements in
domestic demand both consumption and investment.
(END) NDP/DTK/MVB