(Photo by El Peruano)
The Peruvian economy is an attractive place for many foreign investors because it has enormous potential for growth, says JP Morgan
Yesterday we reported the impressive amount of money invested in hydrocarbons during the month of August. Among other areas reporting growth, it is possible to highlight growth in the construction sector and the increase in private investment as well.
“Today there is much interest in Peru, many investments ready to establish in the country for financing in general,” said the JP Morgan executive. Juan Arribas, the general manager for JP Morgan Peru, highlighted that this is due to the fact that Peru has a good investment grade and great growth potential.
However, he said, to crystallize these intentions, clear contracts and less political noise are needed.
“We need sponsors who have the experience to raise financing. In addition, we require a government and a Congress with the same vision to create easily fundable projects,” he emphasized.
For his part, the managing director of BBVA Continental, Javier Balbín, highlighted the interest that the last mega-projects tendered in our country have aroused in the markets.
“The high interest of the banks to finance, for example, the 4,200 million for the execution of the Peruvian Southern Gas Pipeline shows there is a lot of interest,” said the executive.
Everything points at 2018 being an excellent year for Peruvian economy, which is right now the fastest-growing economy in Latin America.