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Peru Well-Prepared For
Global Financial Crisis
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Peru Well-Prepared For
Global Financial Crisis
LIMA - Peruvian Prime
Minister Jorge del
Castillo said on Tuesday
that his country is well
prepared to cope with
the fallout of the
international financial
crisis.
The Peruvian government
has long tasked the
Economy and Finance
Ministry (MEF) to take
preventive measures
against potential
economic risks, Castillo
said.
"Peru has prepared
itself in a good way,"
Castillo said, adding
the financial crisis may
be a "hurricane" for
other countries, but it
would only be a "cold
wind" for Peru.
The government has
adopted such measures as
"improving the country's
international reserves
and diversifying its
income sources, which
are no longer limited to
the mining sector," he
said.
"The domestic market is
a strong engine for
Peru's economic growth,"
he said.
However, Castillo said
the Peruvian government
is still concerned about
the U.S. Congress's
failure to approve a
700-billion-dollar
financial rescue plan.
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