President: Hosting APEC 2016 confirms Peruvian economy is strong (Full Story)


15:04 | Lima, Jan. 29.

Peru hosting important international world gatherings, such as the Asia-Pacific Economic (APEC) Forum in 2016, proves the country moves forward and relies on a "sound and strong economy," the nation's President Ollanta Humala affirmed on Friday.

From the Government Palace, where he presided over the launch ceremony of the APEC Peru 2016 process, Mr. Humala stressed that the nation assumes the commitment to host the world's 21 most important economies, which account for 60% of the global GDP.

In recent years, Peru has been capable of successfully hosting the planet's top events including the United Nations Framework Convention on Climate Change - Conference of the Parties (COP20) and the Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF).

"These are the main goals, which prove the country moves forward and is one of the soundest and strongest emerging economies at the international level," the Head of State expressed.

According to the official, APEC 2016 will address quality and human development growth, topics the government has been working on by implementing an economic development-oriented State policy hand-in-hand with the fight against poverty.

The President stressed that the macroeconomic policy leads to stability, building investors' confidence across the world and remaining on a stable outlook, as credit rating agencies affirmed.

“Peru is an emerging economy. While other neighbor countries experience recession or economic downturn, Peru is still expanding, showing positive results and relying on an expansionary budget,” he said.

The Peruvian leader went on to add the South American nation has provided continuity to public-investment projects and Public-Private Partnerships besides the fact it is one of the region's countries best suited to welcome foreign direct investment flows.

APEC Economic Leaders' Meeting (AELM) will take place in Lima on November 19th - 20th, 2016.


Published: 1/29/2016