in Latin America.
“The BCR has just reported that we have (NIR worth) close to US$83 billion, which accounts for 30% of GDP, more or less,” Arista told TVPeru on September 20.
“We are the country in Latin America that has the most International Reserves in relation to its GDP, by far,” he underlined.
“When it is already there, the Central (Reserve) Bank gradually begins to lower its reference interest rate, and I think it has done so twice, which is very good, because that is reactivating credit,” he added.
The Cabinet member stressed that the issuance of corporate loans has begun to grow, considering that this can sustain a high economic growth rate.
“Corporate credit has now started to rise, but what is a bit worrying so far is investment growth, which is still slow; however, we are trying to generate optimism and make the economy much more predictable, aiming to create an investment-friendly environment,” he concluded.
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Publish date : 2024-09-24 04:20:00
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