Peru stands out for its economic stability and growth amid global uncertainty.

In a context of global economic uncertainty, Peru stands out as an example of stability and growth, a merit recognized by the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. During a recent meeting with the Peruvian president, Dina Boluarte, at the APEC 2024 Forum, Georgieva emphasized the "significant growth" recorded by the Peruvian economy and the successful management of inflation that the country has faced. The Peruvian economy, which has shown remarkable resilience in the face of challenges such as climate change and social unrest, achieved a growth rate of 3.2% in September of this year, according to data from the National Institute of Statistics and Informatics (INEI). This growth has been driven by key sectors such as mining, hydrocarbons, agriculture, and construction, reflecting the diversity and strength of its economy. One of the most notable aspects of this analysis is the significant decrease in inflation in Peru. In October 2024, the Consumer Price Index for Metropolitan Lima recorded a decline of 0.1%, bringing the accumulated inflation over the last 12 months to a level of 2%, positioning Peru among the countries with the lowest inflation rates in Latin America. This achievement is particularly striking considering that inflation in the country once peaked at over 8%. Georgieva, in her communication with Boluarte, not only celebrated these advancements but also urged the country to continue on this path of growth. "We want you to keep growing more," she emphasized, highlighting the importance of maintaining this positive trajectory in a challenging global environment. The recognition from the IMF is not only a reflection of Peru's internal economic management but could also influence international perception of the country as a safe investment destination. The Peruvian government's ability to control inflation while stimulating economic growth could translate into greater confidence from foreign investors, a crucial aspect for sustainable long-term development. President Boluarte, in response to the IMF's praise, highlighted the importance of continuing to address the economic, social, and environmental challenges facing the country. "It is not easy to respond to the major challenges posed by social unrest and the effects of climate change, but we continue working to ensure the well-being of all Peruvians," she stated during the meeting. Additionally, the context of the APEC 2024 Forum, where issues of economic cooperation and sustainable development among Asia-Pacific nations are being discussed, adds relevance to this conversation. Peru's active participation in this forum underscores its role as an important player in the global economy and its commitment to international integration and collaboration. In summary, the IMF's recognition of Peru's growth and stability is a significant milestone that could shape the course of its economy in the coming years. With a continued focus on resilience and sustainability, Peru is not only well-positioned to face current challenges but also has the opportunity to establish itself as an economic leader in the region. The key will be how the Peruvian government and its institutions respond to these challenges and seize the opportunities that arise on the path to the future.