Peru Offers Cheap Loans in Latest Effort to Revive the Economy
Alex Contreras speaks during a March 2023 press conference in Lima, Peru.
Photographer: Angela Ponce/BloombergThis article is for subscribers only.
Peru’s latest recession-fighting strategy is to offer more government-back loans to weather-hit industries such as agriculture and fishing.
The government will make an additional 10 billion soles ($2.6 billion) in government-backed loans available at below-market rates, to be offered via private banks, Finance Minister Alex Contreras told reporters in Lima on Thursday.