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Archive for January 28th, 2009

How is the Economic Stimulus Package Going in Peru?

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As we expect news on┬áthe American Economic Stimulus Package in the next two weeks, Reuters writes about the status of the Peruvian’s stimulus package which will help Peru ride best the global economic recession with government estimates reaching up to 4-5% GDP growth in 2009.

The Reuters article reads:

Peru started the first part of spending under its economic stimulus package (…).

The first bit includes 4.5 billion soles ($1.42 billion) of price cuts and spending. It includes a 10 percent reduction in fuel prices, 3 billion soles in social spending, help for non-traditional exporters, and infrastructure projects.

The finance ministry said it also has been working to keep credit lines open and obtain loans from multilateral agencies.

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Written by Catherine Castro

January 28, 2009 at 10:56 pm

Posted in News

Tagged with , , ,