Andina

Peru: Public investment to grow 24% in September 2017

Ministra de Economía y Finanzas, Claudia Cooper, en Perumin 33. Foto: Cortesía MEF.

Ministra de Economía y Finanzas, Claudia Cooper, en Perumin 33. Foto: Cortesía MEF.

16:05 | Arequipa (Arequipa region), Sep. 20.

Peru's public investment will expand 24% this September over the same month last year, thus continuing with the momentum registered last August (16.2%), recently sworn-in Economy and Finance Minister Claudia Cooper projected Wednesday.

"Last August, an interesting 16.2% rise was registered, and for this month public investment is expected to grow above 20%," the government official expressed.

Within the framework of Perumin 33 Mining Convention, Cooper highlighted that growth will be underpinned by projects prioritization and resource reallocation. 

In this sense, the Kuczynski administration has pumped a significant amount of money into Peruvian economy, as a mid-term expansion is expected, she said.

The cabinet member also stressed that expectations, as well as business confidence indexes, have improved following the previous decline triggered by Coastal El Niño phenomenon and Odebrecht graft case.

Likewise, the minister affirmed that "Peru is doing pretty well" among Pacific Alliance members, such as Chile, Colombia, Mexico.

The regional bloc fosters the free circulation of people, goods and services across its territories. It also aims to harness the opportunities provided by economic and financial integration, thus guaranteeing solid and inclusive growth. 

(END) CNA/MDV/JAA/MVB

Published: 9/20/2017