John Lipsky, First Deputy Director of the International Monetary Fund, attending the XV APEC Finance Ministers’ Meeting met with the Peruvian Minister of Economy, Luis Miguel Valdivieso and with officials of the Central Bank of Reserves to discuss about the global financial crisis and its impact in Peru.

A representative of the IMF, "I trust that Peru is ready to face the global financial crisis and it will continue with its sustainable growth within this context. Both, Peru and Chile, have good conditions to face these swings of the international economy” stated the official who, at the same time, congratulated president-elect Barack Obama of the United States of America.

The APEC Finance Ministers’ Meeting started with the opening remarks given by Minister Valdivieso in front of his ministerial pairs and other APEC Financial Senior Officials. Valdivieso mentioned that he has closely worked with Economies of Malaysia and Singapore regarding economic and trade integration between these Economies.

The highest financial representative of Peru acknowledged that this year’s global financial crisis dimensión is historic; but even then, he feels confident that Asia-Pacific región will find joint solutions. “All the possible solutions will be submitted to our Leaders during APEC Leaders’ Week that will be held from November 16 to 23 in Lima. It will be chaired by Dr. Alan García, Peruvian Economy Leader”, he said.

On the other hand, Peruvian Financial Minister stated that the economic situation of the country is steady. “We have reached high economic growth levels, inflation is under control and it is also worth to mention that Peru has joined Chile and Mexico, as one of the countries with a high investment growth rate”.

APEC Ministerial Meeting, ending tomorrow in Trujillo, precedes the Finance Ministers’ Meeting and Central Banks Chiefs of the G-20 that will be held in Brazil on November 7, 2008. Conclusions from both meetings will feed the discussions to be held on the third week of November by the 21 Economy Leaders during the Leaders’ Week.

By its part, Luis Giampietri, APEC 2008 Organization Committee informed about the organization of November’s Summit. “We are in the final stage of this event that will be held in four venues: the Ministry of Defense Convention Center, the National Museum, the Real Felipe Fortress and the Los Delfines Hotel. We will have an International Media Center open 24/7 for all the journalists. We have invested 44 million soles in the organization of this Summit”, highlighted the Organizer of the APEC 2008 Forum in Peru.