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OECD: Peru has resolved monetary policy and fiscal discipline

10:58 | Lima, Nov. 6.

Peru has resolved its monetary policy and fiscal discipline, which bring about macroeconomic stability and help provide a good basis to move forward with structural reforms, the Head of Latin America and the Caribbean at the OECD Development Centre Sebastian Nieto said on Wednesday.

Likewise, he remarked that the Organisation for Economic Co-operation and Development (OECD) would support Peru in the implementation of the National Competitiveness and Productivity Plan to make progress towards economic development and poverty reduction.

In an interview with El Peruano official gazette, he highlighted the Peruvian economy's progress and strengths, as well as its challenges.

When asked about Peru's strengths to address the ups and downs of the world economy and how the country distinguishes itself from the rest of the region, Nieto noted that a key issue is to maintain an independent and strong Central Reserve Bank

Another important point is fiscal discipline and the growth of the middle class.

"However, something we mentioned in the Multi-dimensional Review of Peru is everything regarding the agro-export sector, which is a lesson to Latin America," he stated.

According to the economist, there are interesting lessons on how to generate productive linkage procedures in sectors that have been beneficial for the country, and the important thing is that all this should be well used by the entire economy and by every region.

(END) DOP/MDV/RMB/MVB

Published: 11/6/2019
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