Peru eases fiscal rules to counter El Nino
Peru announced economic measures and eased fiscal rules to cushion potential slowdowns from the El Nino weather phenomenon. Economy Minister Elmer Cuba said the country has the fiscal strength to fund liquidity support and tax deferrals for affected firms.
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Peru unveiled an economic package worth 18 billion soles ($5.22 billion) on Thursday afternoon to cushion potential slowdowns from the El Niño weather phenomenon. The measures include liquidity support and tax payment deferrals for impacted companies. The fiscal policy shift allows the government to maintain economic momentum despite rising external pressures.
