Similar to the political turmoil which has stalled the Argentine securitization market (ASRI 11/6/2000 p.1), Peru's recent web of scandal and upheaval will hinder that country's structured finance sector as well, analysts say.

But unlike Argentina, where the securitization market has been up and running for quite some time, there have only been a handful of cross-border transactions out of Peru and there has been little action in the local market. Peru, much smaller than Argentina, has merely established a foundation upon which the market can grow.

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