Andina

inPeru to hold road show in New York

09:17 | Lima, Aug. 29.

Public-private association inPeru has confirmed a visit to New York (United States) for September 13-14, 2018.

The delegation will be led by Economy and Finance Minister Carlos Oliva, as well as Central Reserve Bank (BCR) Governor Julio Velarde.

While in New York, inPeru will hold its 14th road show —the fifth in this U.S. city.

The event is intended to promote the Inca nation, as well as share the guidelines of the fiscal and monetary policy implemented in the country.

The road show will include a series of meetings with foreign investors specialized in sovereign debt instruments.

"The New York trip will consolidate and expand our relations with key players linked to U.S. financial markets, thus showcasing our country's potential as an attractive investment destination, particularly when our economy shows clear signs of recovery," inPERU President Francis Stenning stated.

According to Economy and Finance Ministry (MEF), the Inca country's GDP will grow 4% in 2018, mainly underpinned by public and private investment, and in line with the International Monetary Fund's projection, which gives an account of the sustained nature of recovery.

The Peruvian economy is entering an acceleration phase, due to the implementation of a countercyclical macroeconomic policy and a favorable external environment.

Thus, the economic activity is likely to expand 4.7%, on average, according to projections included in the latest 2019-2022 Multiannual Macroeconomic Framework.

Stenning said the delegation is determined to promote Peruvian economy's strengths and the advantages of investing in the Andean country.

(END) JJN/JJN/RMB/MVB

Published: 8/29/2018