{"id":4172,"date":"2015-02-11T17:21:14","date_gmt":"2015-02-11T22:21:14","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/peru-poised-growth\/"},"modified":"2015-02-11T17:21:14","modified_gmt":"2015-02-11T22:21:14","slug":"peru-poised-growth","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/peru-poised-growth\/","title":{"rendered":"Peru poised for growth"},"content":{"rendered":"
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\"Alonso<\/p>\n

Alonso Segura, Peru’s finance minister, speaks at the Bloomberg Peru Summit 2015 in Lima.<\/p>\n<\/div>\n

Peru\u2019s potential growth is still higher than its Latin American peers, although the environment is challenging, the country\u2019s Finance Minister Alonso Segura said at the recent Bloomberg Peru Investment Outlook Summit. Minister Segura lowered the GDP forecast, but said tax cuts, increased spending and lower interest rates allowed the country\u2019s growth to rise from 2.4 percent to 2.5 percent in 2014.<\/p>\n

Peru Central Bank President Julio Velarde said that there might be a fifth interest rate cut since 2013. If inflation slows as forecast, the bank has room to ease monetary policy, said Velarde, \u201cthough not that much because consumption remains vigorous.\u201d<\/p>\n

These statements were new insights from the government for more than 250 Bloomberg clients and prospects who attended the invitation-only Summit. Attendees also heard a discussion about the \u201cFinancial Architecture of Tomorrow\u201d with Eduardo Torres Llosa Villacorta, CEO, BBVA Banco Continental; Carlos Gonzalez-Taboada, CEO Peru, Scotiabank; Jose Roca, CIO, Prima AFP; and
\nOscar Rivera, President, Association of Banks of Peru. Banks will reduce their shares of dollar-denominated loans in portfolios to meet the targets set by Peru\u2019s central bank, said BBVA CEO Torres Llosa. <\/p>\n

A discussion on \u201cPrivate Investment and Infrastructure in Peru\u201d featured Beatriz Merino, President, Peruvian Society of Hydrocarbons; Jorge Barata, CEO, Odebrecht Peru; Alfonso Garc\u00eda Mir\u00f3, President, CONFIEP; and Roque Benavides Ganoza, Chairman \/ CEO, Cia de Minas Buenaventura. The third and final panel discussion was about the \u201cPolitical and Economic Overview of Peru \u2013 Latent Risks\u201d with Claudia Cooper, Economist, Compass Group; Alfredo Thorne Vetter, Founder, Thorne & Associates; Julio Cotler, Researcher, Institute of Peruvian Studies; and Vicente Tuesta Re\u00e1tegui, Investment Manager. <\/p>\n

\"Julio<\/p>\n

Central Bank Governor Julio Velarde greets Marvin Fuentes, head of Bloomberg’s Peru sales for the Bloomberg Professional service.<\/p>\n<\/div>\n

The Bloomberg Peru Summit was attended by more than 35 reporters including all major newspapers and six leading columnists\/opinion leaders, resulting in more than 70 stories by all major Peruvian media newspapers, radio, TV and digital sites including El Comercio, Gesti\u00f3n, La Rep\u00fablica. A major story about the Bloomberg Professional service appeared in Gesti\u00f3n\u2019s paper and web site the morning of the event. And more than 700,000+ accounts and 2.5 million+ impressions used our hashtag, #peruafuturo, including a tweet by Peru’s First Lady Nadine Heredia. For more information, go to www.bloomberg.com\/latam<\/a>. <\/p>\n

\"Julio<\/p>\n

Julio Velarde, president of Peru’s central bank, the Banco Central de Reserva del Peru, speaks to reporters at the Bloomberg Peru Summit 2015 in Lima, Peru, on Thursday, Jan. 29, 2015.<\/p>\n<\/div>\n

Contributed by Marvin Fuentes, Head of Peru sales for the Bloomberg Professional service.<\/em><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Peru\u2019s potential growth is still higher than its Latin American peers, although the environment is challenging, the country\u2019s Finance Minister Alonso Segura said at the recent Bloomberg Peru Investment Outlook Summit.<\/p>\n","protected":false},"featured_media":4158,"template":"","format":"standard","categories":[86,17],"press_tag":[],"class_list":["post-4172","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-bloomberg-professional-services","category-press-announcement"],"yoast_head":"\nPeru poised for growth | Press | Bloomberg LP<\/title>\n<meta name=\"description\" content=\"Peru\u2019s potential growth is still higher than its Latin American peers, although the environment is challenging, the country\u2019s Finance Minister Alonso Segura said at the recent Bloomberg Peru Investment Outlook Summit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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