Peru will close this year as one of the strongest economies among emerging countries and one of the best in the region, reported the Ministry of Economy and Finance (MEF), based on the Bloomberg Economics risk ranking that places our country among those with the lowest public and external debt ratios, and a favorable current account position.
Thus, Peru in the ranking of public and external debt risks has a better position than Brazil, Colombia and Argentina. And it is highlighted that Peru maintains healthy external balances measured through the current account balance
“These indicators allow the country to have a low exposure to capital flight in emerging economies. Peru has maintained solid macroeconomic fundamentals in the last 20 years, which have been reflected in high international reserves, low public debt and fiscal deficit, and lower country risk at the level of Latin American countries. These macroeconomic strengths have been essential to support the economy throughout the COVID-19 crisis, ″ he said in the Minister of Economy and Finance, Pedro Francke.
He also affirmed that despite the high volatility that was registered in 2021, which mainly affected emerging economies, the interest rates on Peruvian sovereign bonds remained the lowest in the region and among emerging countries.
“The rate of this 10-year sovereign bond from Peru in dollars stands at 2.6% in the last days of December, followed by Chile (2.8%), Mexico (3.0%), Colombia (4, 4%) and Brazil (4.6%). Throughout 2021, the average rate of this sovereign bond in Peru was 2.5%, that of Chile is 2.6%; that of Mexico is 3.0%; that of Colombia is 3.5% and that of Brazil is 4.0%. We will close the year with an interest rate at the level of its average registered during 2021 ″, he pointed out.
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