Peru's macroeconomic strengths and investment opportunities were highlighted in the United States

The solid macroeconomic strengths and the business climate favorable to investments in Peru were highlighted by representatives of the US private sector, risk rating agencies, and multilateral financial institutions, at a conference held in Washington DC.

In the event entitled “Peru: Outlook & Investment Opportunities” Dr. Julio Velarde, president of the Central Reserve Bank of Peru (BCRP), highlighted the sustained growth of Peru in the last two decades on an average of 4.4 %, which represents twice that of Latin America. Likewise, Dr. Velarde said that inflation in our country is among the lowest and least volatile in the region since 2001, despite the international situation, and that it is expected that at the beginning of 2024 it will return to its target range.

The BCRP’s presentation was commented by Manuel Reyes-Retama, Regional Director for Latin America of the International Finance Corporation (IFC) of the World Bank;  Elijah Oliveros-Rosen, Senior Latin America Economist at Standard & Poor's Global Ratings; and Gilberto Hernandez-Gomez, Emerging Markets Fixed Income Strategy at Morgan Stanley.  In the conversation, the panelists mentioned the challenges that the Peruvian economy must face in the upcoming months, many of which are transversal to all the countries of the region. However, they stressed that Peru has adequate strengths to face them.

On the other hand, Dr. Velarde and the panelists agreed to recognize the enormous opportunity that the process of adaptation to climate change and transition to clean energy represents for our country, especially considering the existing mineral reserves such as copper and lithium.

The conference, which is part of the Promperú 2023 Investment Promotion roadshows in North America and Europe, brought together US businessmen, government officials and the US Congress, as well as representatives of international financial organizations. The event was inaugurated by the Charge d'Affaires of Peru in the United States, Irving Jaime, and included a presentation on business opportunities in our country by the Director of Investment Promotion of Promperú, Daniel Córdova.