In addition, together with the “further deterioration” of governance, they hamper private investment and affect the potential for economic growth, according to the agency. MEF says it is not the fault of Dina Boluarte’s management.
Join the La República WhatsApp channel
- Price of the dollar today in Peru: what is the exchange rate for this Wednesday, October 25?
- Refund to 1.2 million Fonavistas begins in December
Fitch Ratings maintained Peru’s credit rating at BBB with a negative outlookalleging that the political factor plays a key role in this result.
In detail, they consider that the negative outlook reflects “a continued high level of political uncertainty and a further deterioration in governance”, which affects private investment and weighs on GDP growth projections.
In this regard, the head of the MEF, Alex Contrerasassures that the negative outlook comes from the beginning of Dina Boluarte’s management, and recalled that in the last three years, Fitch lowered her credit rating three times.
“We have stabilized the rating even though it was a tough year. What Fitch says (about weak governance and political instability) is not a recent problem. It is more than five years old. In 2022, a tough year with the coup d’état ( of Pedro Castillo), it should be noted that the qualification was maintained,” he said.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
