Moody’s praises Peru package

Moody’s praises Peru package

Economy & Policy Corporate & Sovereign Strategy

Peru’s economic stimulus package, unveiled last week, could raise medium to long-term potential growth and lift business confidence in the short term, Moody’s said on Tuesday. The government approved a package of structural reforms on June 11, including tax and labor overhauls. With a turning commodities cycle pressuring GDP growth, the package also seeks to diversify the economy. “Importantly, the draft laws contain measures to cut bureaucratic red tape for getting investment permits, an area a

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