Peru has experienced major political crises in recent decades, but the progress of its #economy has shown an uncommon resilience. Investments, business development and growth have followed a different path than the political comings and goings. The recent crisis that manifested itself with three different presidents in a single week in mid-November led many analysts to fear that this paradox could come to an end. Well, it seems not, if we look at the interest with which international investors flocked to the US$4 billion bond issue in the international market on November 23.

According to the General Director of the Public Treasury, José Olivares, the demand more than tripled the supply, reaching US$15 billion. The issue includes a US$1 billion tranche with a maturity of 101 years.

Investors remain confident in a solid macroeconomy that has been respected since the 1990s. Neither #inflation, indebtedness nor deficits are of concern. It is an economy open to the world, with a free market, with a state that in general does not interfere much. FYNSA operates in the Peruvian market through its subsidiary #FYNSAPerú.