Peru approves US$25 million transfer to natural disaster fund

Nuevo desborde de río Huaycoloro inunda viviendas y avenidas de San Juan de Lurigancho.Foto: ANDINA/ Juan Carlos Guzman

00:00 | Lima, Mar. 20.

Economy and Finance Ministry approved a S/81.90 million (about US$25 million) transfer to the Natural Disaster Intervention Fund as a way to contribute to emergency response actions.

A ministerial resolution states the transfer is intended to boost the economy and intervene in rain-related scenarios.

The rule provides that resources shall be deposited in the Fund's account for intervention in natural disasters, and used to finance activities, projects, as well as strengthening interventions during 2017.

Moreover, resources will be used for not-project form investments aimed at mitigation, response ability, rehabilitation, and reconstruction in the event of natural or man-made phenomena; and for the attention of emergencies in the event of rains and related hazards in areas where state of emergency has been declared.

It should be noted Economy and Finance Minister Alfredo Throne on Friday explained 25% of the new fiscal impulse of S/5.5 billion (about US$1.6 billion) will be allocated for maintenance, mainly in weather-hit regions.

MEF head claimed the country has necessary resources to deal with emergencies caused by heavy rains, flooding and landslides battering the country. 


Published: 3/20/2017