Hot sectors in a tepid recovery
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Peru evaluating timing of World Bank, IADB payment
SANTIAGO, June 2 (Reuters) - Peru may wait until after June to prepay $1.1 billion of debt to the World Bank and the Inter-American Development Bank as it waits for dollar strength to recede, Finance Minister Luis Carranza told Reuters on Monday.
"This prepayment could wait a bit because it is a tool that we use to clean excess dollar liquidity from the economy," Carranza, who was attending an economic forum in Santiago, said in an interview.
"We wouldn't do this in June," he said, adding that the dollar has appreciated against the Peruvian sol currency PEN=PE. of late. (Reporting by Monica Vargas; writing by Pav Jordan)
