Moody's Investors Service Vice-President Jaime Reusche on Friday noted that public investment will be a key tool for Peru in order to bridge gaps and stimulate the economy in the current context of the coronavirus (COVID-19) pandemic.
"He mentions the importance of improving the coordination with the private sector to address the health emergency. Besides, he emphasizes the role of micro and small-sized enterprises (MSEs) in the economy, highlighting the need to increase support as the economic recovery continues," the Moody's senior credit officer stated.
He said that —according to the Cabinet chief— public investment will be a key tool to bridge gaps and stimulate the economy.
"There was a momentum to enhance public investment at the beginning of the year, but this impetus was interrupted by the pandemic," Reusche said.
Resuming such dynamism inserted in the implementation of public works will be a challenge that the Cabinet is willing to face. While there is less emphasis on the role of mining as key sector for the economic recovery, the goal was to smooth things over with the Legislative Branch and receive the confidence vote.
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Published: 8/14/2020