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The IMF recognizes Peru's "significant" economic growth and inflation control
Friday, November 15, 2024 - 12:41
Foto Europa Press

This was highlighted by Director Kristalina Georgieva in a meeting with the president of the Andean country, Dina Boluarte, within the framework of the APEC 2024 Forum.

The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has highlighted the "significant growth" that Peru is achieving, while congratulating the country for having "successfully" faced the inflationary challenges that have arisen worldwide, highlighting the low levels of inflation that it currently registers.

This was confirmed during a meeting with the president of the Andean country, Dina Boluarte, within the framework of the APEC 2024 Forum that is being held in the country this week. During this meeting, the Peruvian president highlighted the resilience of the Peruvian economy despite global climate change.

"It is not easy to respond to the major challenges posed by social unrest and the effects of climate change, which impact economic growth. However, we are now seeing growth of around 3%. We want to see further growth," Georgieva said.

According to official figures from INEI, the Peruvian economy achieved a growth of 3.2% in September of this year, driven by the mining and hydrocarbons, agriculture, construction, services, and trade sectors, among others.

INEI also reported that, in October 2024, the Consumer Price Index of Metropolitan Lima fell by 0.1%, which caused the accumulated inflation for the last 12 months to stand at 2%, one of the lowest levels in Latin America.

"If I'm not mistaken, Peru reached a peak of just over 8%, but has now managed to reduce it to around 2%. This is, without a doubt, a significant achievement," the IMF official stressed.

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Europa Press