Peru's Economy and Finance Minister David Tuesta on Monday said the Government is exploring a new financing tool for public investment projects of regional governments.
Named combo (one-package) financing, the new mechanism is said to include pre-investment technical studies.
"We are proposing a 'combo' financing mechanism —meaning everything is grouped together in one package— so that we can use it to speed up
projects immediately," he was quoted as saying.
According to Tuesta, other mechanisms and schemes are being assessed so as to help regional governments move ahead with their projects.
Additionally, he stressed the need to gather suggestions from regional governments and seek respective solutions to boost
public investment, which is key to reviving the economy.
"Without an all-round cooperation, including that of the Finance Ministry and regional governments, we are condemned to remain stagnant and grow at rates that do not match our potential," Tuesta affirmed.
The remarks were made within the framework of GORE-Executive (Executive Branch and Regional Governors Meeting) held at Lima's Government Palace.
The two-day meeting, which features Peruvian ministers and regional governors, is aimed to spur actions that will encourage further development in the nation.
(END) CNA/RMB/MVB
Published: 4/16/2018