US$10 billion investments to boost Peru’s economy

12:53 | Lima, Mar. 21 (ANDINA).

The Peruvian government will launch a portfolio of 26 projects totaling more than $10 billion that will ensure economic growth above six percent within the next few years, Peru’s Economy and Finance Ministry (MEF) has predicted.

"These grants and inherent investments will allow us to have a high economic growth, because investment is key to maintaining growth rates above 6 percent," Peru’s Economy and Finance Minister, Luis Miguel Castilla noted.

He said investment projects worth 500 million dollars will be awarded in the first half of 2012, and between one billion and 1.5 billion dollars in the second half, while most of them will be granted in 2013.

Castilla noted that Peru wants to move forward with an important project portfolio as foreign investors are very interested in the country, but they want to see a specific portfolio for an extended period to define their investment plans.


Published: 3/22/2012