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Peruvian president urges national unity in fight against financial crisis
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13:19, December 16, 2008

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All business sectors and governments of all levels across Peru must be united in 2009 to combat the international financial crisis, President Alan Garcia said Monday.

"There is a war to fight," said Garcia. "We have to work ... against uncertainties and doubts" to avoid being hit hard by the crisis.

He called on all Peruvians to "aim at the same target" of stopping the financial crisis and not waste time on small issues.

The Peruvian president unveiled a stimulus package last week in a bid to help the country weather the global economic downturn.

The package includes measures to increase spending on social works and infrastructure by 3.3 billion U.S. dollars and to finalize 3 billion dollars in previously signed loans.

In a televised speech on Dec. 8, Garcia said another 7 billion dollars would be introduced to reinforce public expenditures if necessary.

Source: Xinhua



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