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| Kuczynski: pays debts |
Peru’s economy minister, Pedro Pablo Kuczynski, has a lot to be pleased about. Not only has his fiscal prudence made Peru a far less risky credit, he now has a debt pre-repayment deal with the Paris Club under his belt. Well, almost. The club of 19 permanent creditor nations, which includes France, Japan and the UK, has given Peru until August 15 to pre-repay $1.55 billion in debt, a strategy Peru hopes will help it avoid a looming build-up of payments this year.
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