Tuesday, June 24

Peru needs to be rewarded for its economic policy

Peru proposes prepaying Paris Club with 30-yr debt: "Peru faces high debt payments and fiscal deficits in the next few years but since it depends on markets for two-thirds of its financing, it can't afford to get into a debate on whether to pay the debt. 'Given that there is a bigger increase in amortization payments with the Paris Club in the coming years, the most sensible thing would be to obtain financing from somewhere else, for example the market,' Cuba told CPN Radio." Reuters After years of toeing the line with the IMF and the international banks, the Peruvian government wants to get cut some slack.

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