Peru’s Interim President Eyes New Debt Amid Economic, Political Crises

Peru is planning to raise new public debt in the short term in order to finance the Andean country's deep fiscal deficit and repay interest on old debt in 2021, interim President Francisco Sagasti told Reuters.

RIO DE JANEIRO, BRAZIL - "Our country has the capacity to raise debt at interest rates that are relatively reasonable," interm President Francisco Sagasti, 76, said late on Thursday evening, November 19th, in his first interview since taking office earlier this week amid a sharp political crisis in the country.

"When one has space to raise debt and you are going through a crisis, that is what you have to do," he explained.

Sagasti, a centrist lawmaker, has taken the reins in the nation amid some of Peru's most heated demonstrations against the political classes in decades, which saw huge . . .

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