LONDON -- Peru will seek to open negotiations later this year with commercial bank creditors on a solution to its debt problems, said Finance Minister Carlos Bolona. "We want to meet before the end of 1992 to renew contacts," Mr. Bolona said in an interview.

The minister said Peru owes the commercial banks $5.5 billion, of which 80% is in arrears. Under the government of former President Alan Garcia, in 1984, Peru stopped servicing its external debt, which totals $22 billion.

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