Economic Growth in Peru

World Bank: Economic growth helped reduce poverty in Peru

From the ANDINA News Agency - The sustainable economic growth of Peru brought greater investments, more employment and better incomes, which contributed to diminish poverty, not only in the urban areas but also in the rural ones, reported today the World Bank.

The regional director of the World Bank for Bolivia, Ecuador, Peru and Venezuela, Felipe Jaramillo, said this growth is linked to the bigger investments of the last two or three years, the good economic management, a better access to foreign markets and some of Peru’s government programs.

“What we see is that there is a virtuous circle in the Peruvian economy, because is growing and it has started to create work, each time of a better quality and for the whole Peru”, he said.

The international representative also stressed on the study called “Poverty in Peru 2007”- whose results represent the sustainable economic growth of Peru during the last years.

“We think these estimates should not impress anyone since Peru has achieved a high suitable growth during the last years”, he said.

(Please note: This news story originally appeared in the "Living in Peru" News Archive on May 27, 2008)