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World Bank: Peru did excellent job

Staff writer |
The World Bank's vice president for Latin America and the Caribbean Jorge Familiar highlighted Peru's economic growth over the past 10 years.

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Peru's average economic growth over the period has registered 6. 5% annually, allowing many Peruvians to escape poverty, said Mr. Familiar.

The bank envoy, currently in Peru's capital Lima on an official visit, said Peru's economic growth rates indicated the economy was solid enough to withstand the financial fluctuations of the global market.

"The international environment is more complex, the Peruvian economy performs better than the average Latin American country." In Latin America, only the economies of Panama and Chile have fared better, with 10% and 8% average growth, respectively, he said.

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