Peru gets 300 million euros credit from German bank KfW for digital transformation By Reuters

(Reuters) – Peru’s government said on Saturday that it would receive a credit of up to 300 million euros ($325.08 million) from the German bank KfW Development Bank to spend on a digital transformation program.

The credit is for 15 years and will be charged a 6-month Euribor rate, plus a fixed margin, according to the official government gazette.

It did not publish details of the digital transformation program.

Peru’s economy grew between 4.5% and 5% year-on-year in May, Jose Arista, the country’s economy minister estimated.

Rocked by several corruption scandals over the past years, Peru is the world’s third largest producer of .

($1 = 0.9228 euros)