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Emerging MarketsEM LatAm

Peru storms to market to fund Lat Am’s biggest corona stimulus

Maria Antonieta Alva, Peru, Toni, finance minister, LatAm, stimulus, coronavirus, 575, minfin

Bond markets handsomely rewarded Peru on Thursday for leading the way in Latin America on economic policy reaction to the Covid-19 crisis, notching its lowest ever dollar funding costs. As Peru’s public treasury director said the deal was to increase already substantial liquidity buffers, Lat Am bankers were left hoping the result would encourage more reluctant issuers.

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