Corruption puts Peru economy at 'grave risk': finance minister

FILE PHOTO: Peruvian Finance Minister Claudia Cooper leaves the government palace after a meeting with Peruvian President Pedro Pablo Kuczynski and the cabinet in Lima, Peru, December 20, 2017. REUTERS/Mariana Bazo/File Photo

LIMA (Reuters) - Peru’s economy is at “grave risk,” of a systemic crisis within its construction sector, as companies under investigation for corruption could be forced to halt projects, Finance Minister Claudia Cooper said on Monday.

Cooper told the country’s Congress that investments tied to several of the companies allegedly involved in corruption are equivalent to 4.2 percent of Peru’s gross domestic product.

Reporting by Marco AquinoEditing by Chizu Nomiyama