CAF highlights cautious management of Peruvian macroeconomics

Enrique García,  Executive President of CAF, Development Bank of Latin America, congratulated the government of Peru for its cautious management of macroeconomics, and called for the country to continue on the path of growth, stability, and social inclusion. 

After meeting in private at the governmental palace with Ollanta Humala Tasso, President of the Republic of Peru, Enrique Garcia highlighted Peru's advances in promoting policies aimed at generating growth and greater development opportunities. 

Garcia stated, "I reiterate my congratulations for the country's success and call for Peru to continue on the path of stability, growth, and intelligent international insertion while at the same time it is solving the problems of people through effective social inclusion". 

Garcia added that since 2011, the multilateral financial institution has approved loans in favor of the country, both in the public and private sectors, for close to USD 10 billion, especially for irrigation projects such as Olmos, Majes - Siguas II, and Chavimochic III, as well as showing a strong commitment  to significant transportation projects such as the Lima Metro, in addition to energy projects, highways, and productive sectors. 

Finally, Enrique Garcia ratified CAF's commitment to continue supporting the different development projects and infrastructure works in the country.

At the same time, Ollanta Humala expressed his gratitude for CAF's support for Peru, and said that the countercyclical policies and the expansion of expenditures and public investments implemented during his government constitute measures to ease the effects of the worldwide deceleration, and indicated that the country maintains a macroeconomic policy that generates stability and has strengthened social policies, enabling an optimistic view of the future. 

Finally, he highlighted that Peru will be happy to receive the Ministers of Finance of the 188 member countries that will participate in the World Bank and International Monetary Fund's Annual Meeting to be held on October 5th through 10th in Lima, as well as the directors of the multilateral development banks, such as CAF, which are supporting a series of projects to develop the country's infrastructure, roads, transportation, and agriculture, in addition to providing advice to structure important projects for the nation's development.