Peruvian Prime Minister Jorge del Castillo said on Tuesday that his country is well prepared to cope with the fallout of the international financial crisis.
The Peruvian government has long tasked the Economy and Finance Ministry (MEF) to take preventive measures against potential economic risks, Castillo said.
"Peru has prepared itself in a good way," Castillo said, adding the financial crisis may be a "hurricane" for other countries, but it would only be a "cold wind" for Peru.
The government has adopted such measures as "improving the country's international reserves and diversifying its income sources, which are no longer limited to the mining sector," he said.
"The domestic market is a strong engine for Peru's economic growth," he said.
However, Castillo said the Peruvian government is still concerned about the U.S. Congress's failure to approve a 700-billion-dollar financial rescue plan.
Source: Xinhua
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