IMF: Political uncertainty in Peru may affect the economy, but fundamentals are solid

Updated 11/02/2022 08:07 PM m.

Political uncertainty in Peru is high that could spill over into the economy, but the fundamentals are sound and they have a strong track record, a senior government official said on Wednesday. IMF.

“We have seen some political uncertainty in Peru and it may, of course, spill over into economic policy uncertainty and eventually affect investor sentiment.”, said Gustavo Adler, deputy head of division in the research department of the International Monetary Fund.

“But it is also important to recognize that Peru’s fundamentals are quite strong in many dimensions and there is a history of very prudent macroeconomic management.”, he added.

At just over 200 basis points, Peruvian hard currency bonds have one of the tightest spreads to US Treasuries among emerging markets.

With information from Reuters

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