Peruvian economic growth is robust and generates confidence among international investors, President Ollanta Humala Tasso said on Tuesday in an interview with Bloomberg Television anchor, Mark Crumpton.
The Peruvian leader explained that since he took office in 2011, his administration has signed agreements worth US$16 billion for companies to build and operate infrastructure projects such as the first subway line in the nation's capital Lima, which also shows that international investors are largely confident in the country's economic growth.
Humala noted this confidence enables to implement the macroeconomic framework, as well as consolidate democracy and respect for human rights. "I think these are conditions investors look for in the countries where they are going to invest."
He continued, "Moreover, we have an important portfolio of projects worth US$55 billion for investors to choose from."
Likewise, he pointed out the Peruvian economy has slowed down in the first half of the year -as global demand and prices for its key mineral exports have eased- but that recent economic indicators are showing "the worst has passed".
He went on to highlight the economy will recover "gradually" since there is a series of problems in the international scene. "Despite these problems, credit rating agencies such as Moddy's have given us an "A" rating, and that shows the Peruvian economy is robust."
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