Economy and Finance Minister Claudia Cooper said private investment recovery is materializing in Peru, driven by the Government's fiscal stimulus.
"We are glad to see private investment
recovery is officially on, after 16 months of contraction," she said.
Speaking at an event on "Investment Opportunities in Telecommunications," Cooper said the current model of growth focuses on private investment.
"We thought private investment was going to pick up long before, but it didn't due to exogenous factors," the Cabinet member stated.
"2016 has been a complicated year, as well as the first quarter of 2017, due to reasons we all know. However, it seems we are leaving a difficult period behind," she commented.
According to the senior official, the Government plans to boost public spending in the coming months so as to achieve the long-awaited economic growth of over 4% or 5% in the long-term.