IDB: Uncertainty disappears, investors renew interest in Peru

12:31 | Lima, Jan. 12.

Political uncertainty is disappearing in Peru, so entrepreneurs and investors are renewing their interest in the country, Inter-American Development Bank (IDB) President Mauricio Claver-Carone has affirmed.

"Entrepreneurs and investors have once again shown interest in Peru during the first six months of the new Government led by President Pedro Castillo and the commendable work of Economy-Finance Minister Pedro Francke and Central Reserve Bank (BCR) Governor Julio Velarde," he told Andina news agency.

"Some of the uncertainty has already been eliminated. I would like to close the doors to the speculation and uncertainty of 2021 and thus focus on 2022," Claver-Carone remarked.

"I am apolitical and interfering in the politics of countries is not my job, but the truth is that we have noticed that groups and investments in Latin America and the Caribbean in general are motivated, rise, and fall based on political transitions," he added.

The head of the IDB considered that political uncertainty does not benefit the country; on the contrary.

"With its growth rate of 13% in 2021 (according to the Ministry of Economy and Finance-MEF) and its positive fiscal management, Peru has the opportunity to show a united and non-ideological front," he noted.

"At the end of the day, this is not a matter of ideology; ideology cannot be eaten, what can be eaten are the results that are shown; results are what citizens are looking for and that is what we have to focus on," the IDB representative commented.

He went on say that Peru has a great opportunity for growth —due to the impulse of the last six to seven months— and should not hinder it with politics so as to continue to show such management, putting speculation of 2021 aside, as well as focusing on inclusive and sustainable growth in 2022.


Published: 1/12/2022
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