World Economy

Peru in Right Direction

Peru in Right DirectionPeru in Right Direction

The Peruvian government-designed structural reforms, such as simplifying public investment processes, promoting innovation and diversifying exports, are “steps in the right direction,” the International Monetary Fund affirmed, Bernama reported. According to a report, issued by economists Melesse Tashu and Kevin Ross, the wide structural program reform introduced by Peruvian authorities is aimed at tackling challenges to keep the economy expanding. Economists claimed the “baseline scenario estimates potential growth at 4%, assuming structural reforms proceed at a slightly faster pace, in line with the authorities’ ongoing agenda.”