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LatinNews Regional Monitor: Andean Group - 3 January 2019

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In brief: Peru

* Peru’s central bank (BCRP) has reported that the country’s net international reserves (RIN) reached US$61bn at the close of 2018. According to a BCRP report, the RIN figure represents 27% of the Peru’s GDP and is equivalent to seven times the country’s current level of short-term external debt, placing it in a solid financial position. Pointedly, the BCRP notes that Peru currently has the highest ratio of RIN to GDP in Latin America followed by Brazil (20.3%), Colombia, and Mexico (both with 14.2%).