18:07.
The Peruvian economy, like last year, will grow the most among the six largest countries in the region and between the four countries of the Pacific Alliance, he said today the Minister of Economy and Finance, Alonso Segura.
He added that Peru is the only economy in this group presents an acceleration in its growth rate since last year and is also the only one to which the International Monetary Fund (IMF) has increased its growth forecast , as highlighted by the new forecast released today by the IMF in its report Perspectives of the World Economy (WEO for its acronym in English).
the IMF revised upward perspective growth of the Peruvian economy of 3.3% (estimated in October 2015 and January 2016) to 3.7% in April this year.
According to the Report Outlook, the world economy will grow 3.2% this year (revised downwards its estimate from 3.4% forecast in January), below the historical average of the last 15 years (3.8%).
“in the Ministry of Economy and Finance we believe that in 2016 and 2017 we will grow a little more than the IMF said, but the fact is that this body stands to Peru in a better position than other countries in the region, as a result of the economic measures that have I been taking during the government of President Ollanta Humala, “he said.
as for the development of the economy in the first quarter of the year, the minister estimated that the economy will be around 4% growth.
“in February, according to leading indicators, the estimated economic growth is above 5%, although there is an effect of leap year; while in March the estimate would be lower due to the effect of Easter. The sectors of domestic demand are better in Peru resisted towards neighboring countries, “he said.
Also, Segura agreed with the recommendations made by the IMF regarding that you can not only think to be take short-term measures are also necessary to define measures that generate growth and productivity gains in the medium and long term, because that way better employment conditions for people and greater capacity for economic growth will be generated.
He indicated that several of these measures, which should become state policies and is implementing this Government, as the impetus to human capital (reforms in education, health and civil service), boost infrastructure in line with fiscal space, diversification, competitiveness, responsible social policies and boost institutional (OECD).
the minister agreed with the IMF on the need to reconstitute the macro-fiscal strengths, because you can not have tax policies permanent shock, this being a work of progressive retirement has already announced the Ministry of Economy and Finance (MEF).
Better prospects
another time Segura noted that business expectations are in recovery, like GDP, and the fiscal side there is a path that is austere in the short term, because it is the right thing.
“Our neighbors Pacific Alliance are reducing their budget from last year. In Peru there is still room for an investment policy moderately expansionary this year, but this stimulus must go withdrawn and that the Congress recently approved the Law establishing the ex guide to the structural balance for the following years ” he said.
he noted that it is funded Budget 2016 and prefunded all service 2017 debt also have agreed lines very large contingent loan anchoring reforms because they are loans of public policies.
He added that more than 4,000 million dollars in contingent lines and also has the resources of the Fiscal Stabilization Fund (FEF), whose use should be governed by the Law for Strengthening Fiscal Responsibility and Transparency, on the grounds that this points if necessary.
the minister said that the next government is shielded financially, has a growth trajectory upward fiscal path mapped, with medium-term reforms in implementation , and joint work with the OECD to strengthen the institutions of our country.
in this regard, Segura said that Peru has been recognized by the OECD as an adherent to the Principles of Public Governance in Public Private Partnerships (APP) since 31 March this year.
(END) NDP / CNA
Published: 04/12/2016
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