Peru plans bond sales to finance ballooning fiscal deficit, minister says
Peru, the world’s no. 2 copper exporter, plans to issue up to three sovereign bonds this year to finance its ballooning fiscal deficit after economic growth edged above forecasts last year, Economy Minister José Arista told Reuters. Why it matters Peru is one of South America’s most economically stable countries despite regular political upheaval, but […] The post Peru plans bond sales to finance ballooning fiscal deficit, minister says appeared first on Reuters Best.
Peru, the world’s no. 2 copper exporter, plans to issue up to three sovereign bonds this year to finance its ballooning fiscal deficit after economic growth edged above forecasts last year, Economy Minister José Arista told Reuters.
Why it matters
Peru is one of South America’s most economically stable countries despite regular political upheaval, but a deficit that widened to 3.6% of gross domestic product (GDP) last year – its highest since 1992 excluding pandemic years – threatens its credit rating and could push up financing costs.
The post Peru plans bond sales to finance ballooning fiscal deficit, minister says appeared first on Reuters Best.
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