Peru: pension funds to invest in infrastructure soon through trust

A trust created by Peru’s private pension fund managers (AFPs) to invest in infrastructure projects will soon start to operate, local daily Expreso reported. [These funds] have suffered greatly since the onset of the global financial crisis and they are now looking for more stable investment alternatives, like infrastructure. Peru’s state development bank Cofide will join the AFPs in the trust and Inter-American Development Bank (IDB) may also chip in. The AFPs are currently eying investing in projects such as the Huascacocha water transfer initiative […] and the Taboada wastewater treatment plant.

Source: BNamericas [subscription site], 27 Feb 2009

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