Peru to Buy Back as Much as $1.5 Billion of Debt, Reuters Says

Peru will undertake an “aggressive” program of debt repayment of as much as $1.5 billion next year, to try to curb a rally in the sol, Reuters reported, citing remarks today by Finance Minister Luis Castilla to reporters.

Castilla raised the government’s forecast for gross domestic product growth next year to 6.3 percent, from 6 percent, Reuters said.

The Finance Ministry didn’t answer a call requesting comment by Bloomberg News outside of normal office hours.