13:02 | London (UK), Feb. 27.
Economy and Finance Minister Carlos Oliva on Wednesday affirmed growth rates —to be registered in the next three years— will enable the reduction of poverty rate from 21% to 18% by 2021
Likewise, the official indicated the Inca country's economy must expand over 5% annually in the next years in order to guarantee a solid and sustainable growth.
"Peru maintains stable indicators
, a strong institutional framework, and an economic expansion that stands out among the countries in the region," he expressed.
It should be noted poverty in the Inca nation
is measured under a monetary approach and expenditure is an indicator of well-being.
"Poverty decreased not only because of the expansion boost, but also because of the social programs we are adapting to the reforms," he concluded.