• Following the news that Petroperu’s board has asked the government for an urgent cash injection due to liquidity issues, Prime Minister Adrianzen and the Finance Minister are reported to have met the board to discuss the matter, with no further details released yet. To recap, in a recent securities filing, the board said that Petroperu is in an unsustainable situation and that the government must either inject cash urgently or accept its bankruptcy.
  • In other news, Finance Minister Arista said in a press conference yesterday that the 2025 budget is set to increase by 4.5% y/y, with the fiscal deficit narrowing to 2.2% of GDP. He said that the proposed budget increase is realistic and in line with GDP growth expectations and that the bill will now be discussed by Congress.
  • No macro data are due today, with August CPI figures scheduled for release on Sept 1.

PERU: PM Adrianzen And Finance Minister Arista Meet With Petroperu Board

Last updated at:Aug-29 11:23By: Keith Gyles
  • Following the news that Petroperu’s board has asked the government for an urgent cash injection due to liquidity issues, Prime Minister Adrianzen and the Finance Minister are reported to have met the board to discuss the matter, with no further details released yet. To recap, in a recent securities filing, the board said that Petroperu is in an unsustainable situation and that the government must either inject cash urgently or accept its bankruptcy.
  • In other news, Finance Minister Arista said in a press conference yesterday that the 2025 budget is set to increase by 4.5% y/y, with the fiscal deficit narrowing to 2.2% of GDP. He said that the proposed budget increase is realistic and in line with GDP growth expectations and that the bill will now be discussed by Congress.
  • No macro data are due today, with August CPI figures scheduled for release on Sept 1.

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