Swiss to help Peruvian state manage local coffers

Swiss Economics Minister Johann Schneider-Ammann has signed an agreement in Lima aimed at assisting Peru’s local financial institutions to manage public funds. The accord, worth $6 million (CHF5.8 million), was concluded on the sidelines of the annual meeting of the International Monetary Fund and the World Bank in the Peruvian capital on Friday. A second agreement to help Peru improve economic competitiveness was signed on Monday afternoon. During the IMF-World Bank summit meeting, Switzerland also agreed to participate in three separate programmes with the World Bank. These include the Global Programme for Financial Infrastructures, intended to build more sustainable financial sectors in developing countries, as well as a partnership programme for improving access to water and a project to improve energy efficiency in cities. More transparency The Peruvian programme, to be implemented in six regional and five local governments, is intended to bring better ...