Peru's President Alan Garcia laid the first stone of the housing complex "Las Torres de Santa Clara II" in Huachipa.
Peru’s economic and banking performance is better than the United States’, not because of its size but because of its high figures and economic measures, President Alan Garcia Perez said.
It may sound as a paradox, an absurdity, something "contradictory" and "impossible", "but it is not the size that provides security and confidence, but the figures recorded by each country."
"Despite the global crisis, our banking system reported low delinquency rates of 0.5 percent, that means our banking system is solid because it has not fallen into those contradictions that the United States is recently correcting.
After laying the first stone of the housing complex "Las Torres de Santa Clara II" in Huachipa, Garcia noted that Peru must maintain the virtuous circle of growth for the next five to ten years in order to enhance its development in the region.
It may sound as a paradox, an absurdity, something "contradictory" and "impossible", "but it is not the size that provides security and confidence, but the figures recorded by each country."
"Despite the global crisis, our banking system reported low delinquency rates of 0.5 percent, that means our banking system is solid because it has not fallen into those contradictions that the United States is recently correcting.
After laying the first stone of the housing complex "Las Torres de Santa Clara II" in Huachipa, Garcia noted that Peru must maintain the virtuous circle of growth for the next five to ten years in order to enhance its development in the region.
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