Peruvian President Alan Garcia Thursday urged to keep the country’s economy stable in order to attract more investments and fight against poverty and unemployment.

“My request is for the journalists, the analysts, the politicians, the candidates, to contribute to the fiscal and economic order, which is crucial to encouraging private sector investments that help create jobs, boost production, increase tax revenues and develop more projects,” Garcia said during the inauguration of a mattress factory expansion.

Some 130,000 new public projects, with an investment of 65B Soles (US$32B) have been carried out since he took office in Y 2006, said Garcia, adding that this would not be possible without economic stability.

The president said the stability is fundamental not only in one year, but also in the long term for the coming 10, 15 and 20 yrs.

Peru’s economy must grow between 5.5% and 6.5% this year and keep an average annual growth of 6% for the coming years to reduce the poverty rate, which currently stands at 34.8%, analysts said. —Paul A. Ebeling, Jnr. www.livetradingnews.com

Posted by Shayne Heffernan on Sep 4th, 2010and filed underLatest News.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site