Arab Today, arab today peru\s economy to continue stable growth
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Peru\'s economy to continue stable growth

Arab Today, arab today

Arab Today, arab today Peru\'s economy to continue stable growth

Lima - Xinhua

Peru\'s economy will maintain stable growth due to its appropriate fiscal policy and social inclusion programs, IMF chief Christine Lagarde said Monday.\"I am pleased to see how Peru, since the last decade, has achieved to keep a consistent growth, with a firm control of the monetary policy led by the Central Reserve Bank of Peru (BCR),\" Lagarde, visiting managing director of the International Monetary Fund, told reporters after meeting with President Ollanta Humala.She said the IMF estimates that Peru\'s economy to grow 5.75-percent next year, on par with the Peruvian government\'s estimates.Lagarde also praised Peru\'s stable trade relations with the EU, which accounts for 17 percent of Peruvian exports.She told Humala that the IMF is ready to help countries which haven\'t caused the current global financial crunch but may suffer from its effects.\"We have facilities to support with caution and liquidity lines, recently approved by the IMF council, and which are useful for this kind of situations,\" she said.The Peruvian situation is different from that of other Latin American countries because it is fixing a very solid base due to the combination of strong economic policies and social inclusion programs, said Lagarde.After visiting Peru, the IMF leader will head to Mexico Tuesday and later Brazil.

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