Peru's economic growth is achieved in a sustainable manner and with increasing levels of investment, rating agency Standard & Poor's said Saturday.

Sebastian Briozzo, a Latin America director at S&P, said that the significant levels of invetsment result in sustained economic growth over time.

He praised the Peruvian government's efforts to issue long-term debt in the domestic currency at fixed interest rates as amazing and positive.

"This allows to redirect more funds to social, health and education programs, thus the importance of budgetary allocations to reduce poverty or generate greater levels of public investment," Briozzo added.

He also remarked that the challenge of the next government will be to manage public spending even more efficiently and as part of a well-planned strategy.