NEW YORK (US), May 23 (NNN-ANDINA) — Peruvian Economy-Finance Minister Alex Contreras has been holding a series of meetings with international investors in New York City and revealed that the first conversations have been positive.
“We are here a little more than a day, and the first conversations we have had with some investors have been positive,” he emphasized after participating in the traditional bell-ringing ceremony at the New York Stock Exchange (NYSE) on Monday morning.
The Cabinet member and Central Reserve Bank (BCR) Governor Julio Velarde lead a public-private delegation that visits New York City on May 22-23 to hold meetings with investors and local authorities so as to present the Peru’s macroeconomic strengths, as well as the prospects and various investment opportunities offered by the South American country.
“The United States is one of the most important markets around the world. So, being here enables us to fulfill several objectives; firstly, to help find new buyers for our products and, secondly, to attract interesting investors to the construction, manufacturing, technology, and financial sectors,” Contreras specified.
Contreras indicated that one of the visit’s objectives is to reaffirm the stance that Peru is a stable and reliable country.
“Betting on Peru means betting on a country with enormous potential for the following years. The Peruvian economy is one of the fastest-growing economies in the region, and what we want to do is reinforce that connection with investors, so that we can move the country forward; that is the goal of this little tour,” he underlined.
Furthermore, the Cabinet member highlighted the fact that Peruvian GDP began to return to the path of growth last March, which shows the resilience of Peru’s economy.
“During these last five months, Peru has once again proven to be a resilient economy, a very strong economy, and thanks to this recovery, we can afford to come to the world’s financial center to tell investors from the United States, Europe, and China that they should bet on Peru,” Contreras remarked.
“We want to tell the world that Peru is back and remind them that it is a reliable place for investment, tell them that whoever bets on Peru in the long term always ends up winning,” he concluded.
Meanwhile, Peruvian Exporters Association (Adex) Chairman Julio Perez Alvan said that thanks to a proper institutional framework, monetary policy, fiscal policy, trade openness, and entrepreneurship, Peru’s economy is one of the most stable and resilient in the region, which represents great opportunities for domestic and foreign investors.
During his participation in the forum on outlooks for the economy and trade —held in New York City before U.S. and Peruvian bussinesspeople— he also stressed that Peru is rich in diversity and culture.
“A proper institutional framework, based on our Political Constitution and the laws that contribute to the development of the private sector, the monetary policy guided by the Central Reserve Bank (BCR), and responsible fiscal policy are some of the foundations on which our recovery stands,“ he specified.
The ADEX chairman indicated that trade openness contributes significantly to the evolution and success of the exports sector.
The officer commented that the results are explained by the famous Peruvian products demanded by exigent international markets, not only for their variety, but also for their quality.
“Peruvian companies have developed important characteristics in recent years, such as resilience, creativity, adaptability, and a high willingness to make the most of opportunities. These particular characteristics are the basis for the objective of ensuring adequate economic growth and development in the short, medium, and long terms in Peru,“ he added.
The guild leader highlighted the potential of various sectors, such as fishing and aquaculture; the forest industry; high-value manufacturing (chemicals, pharmaceuticals, and machinery); as well as modern services (software development, financing services, legal consultation, and creative industries).
The forum also saw the participation of Peruvian Ambassador to the United States, Gustavo Meza-Cuadra; Central Reserve Bank (BCR) Governor, Julio Velarde; Economy-Finance Minister, Alex Contreras; PwC Peru Country Senior Partner and American Chamber of Commerce of Peru (Amcham Peru) board member, Orlando Marchesi; plus JP Morgan Executive Director, Diego Pereira. — NNN-ANDINA
