Moody's Investors Service Vice-President Jaime Reusche said that the participation of private capital will be an important part of Peru's economic recovery, considering its macroeconomic strength.
In remarks to
El Peruano official gazette, Reusche analyzed the situation of Peru
under the new Cabinet, which has the responsibility to reactivate the country's productive activity and overcome the impact of the coronavirus pandemic.
The Moody's representative commented that the Cabinet reshuffle is healthy and said he expects the new ministers will achieve greater coordination in the implementation of public policies.
For this purpose, Reusche explained, it is important to have the confidence of markets and the business sector so as to give it a strong start and regain lost ground in terms of employment and production.
On the other hand, the Moody's senior credit officer believes that it was a very good start, with a conciliatory message that seeks to build bridges with the private sector and is opposed to the view that the public sector can shoulder the country's burden alone.
"The positive sign is that private investment will be welcomed as the (country's) main partner in the recovery process," he added.
(END) DOP/MDV/RMB/MVB
Published: 7/17/2020