Peru, an example of solid and stable institutions, says World Bank

World Bank President for Latin America and the Caribbean, Jorge Familiar, said Peru has become an example in the region and counts on solid and stable institutions, which enable to seize opportunities aimed at strengthening growth.

"What has changed in Peru and in other Latin American countries, has been turning the proper macro-economy management into a key value; it means, a national matter. Peru sets an example in the area, due to its solid and stable institutions. There are good opportunities to boost growth in the country," he pointed out.

Likewise, Mr. Familiar highlighted mining has become technified and a potential catalyst for private investment. There's no need to change the model, but to diversify," he expressed in this sense.

In subsequent years, Peru should influence the development of intermediate cities. "Lima is very big, and counting on more economic poles will be ideal," indicated the President.

The World Bank executive provided these statements during the "Agenda Forum Peru. In the Future" organized by Spanish newspaper El Pais. The event saw the participation of Peruvian President Ollanta Humala.

Likewise, the official said Peru’s main infrastructure deficit is linked to airports, ports and roads.

"Currently, the region [Latin America] invests between 2% and 3% in infrastructure and the rate should be doubled," he suggested.

"From the point of view of public spending, Peru is perhaps too moderate. This is good and bad at the same time, but a catalyst for private investment gets lost [therefore]," he underlined.