World

World Bank spotlights Peru's decade of economic growth

2014-07-24 10:15:56

LIMA, July 23 (Xinhua) -- The World Bank's vice president for Latin America and the Caribbean, Jorge Familiar, Wednesday spotlighted Peru's economic growth over the past 10 years.

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

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

"The international environment is more complex (and) the Peruvian economy performs better than the average Latin American country," he said.

In Latin America, only the economies of Panama and Chile have fared better, with 10 percent and 8 percent average growth, respectively, he said.

Familiar took part in the fifth annual conference organized by Peru's Reserve Central Bank (BCR) and the Reinventing Bretton Woods Committee (RBWC), which was held in the south Andean city of Cusco.

The committee, according to its website, is a non-profit organization that promotes dialogue "among high-level stakeholders committed to redefining the global financial architecture to better respond to the changing economic landscape."

Editor:Zhang Yi