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Annual Fiscal Deficit Fell To 1% of GDP in April

PERU
  • Peru’s annual fiscal deficit fell to 1% of GDP in April, the central bank said in a statement.
    • Fiscal deficit fell thanks to the economic recovery and higher prices for export products, the bank said.
    • Govt’s annualized current income increased by 1.4 ppts of GDP, rising by 42.8% in April y/y.
  • Peru Foreign Trade Minister Roberto Sanchez to coordinate talks with MMG’s Las Bambas copper mine and communities.
    • Sanchez said Las Bambas has to fulfill its commitments to the communities
    • Communities cannot besiege the mining area either, Sanchez said
    • Minister said that the decisions made by the mining company to evict the communities and the forceful measures taken by the communities are unfortunate. (BBG)
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