, which would allow the year to close with a 3.3% expansion.
The government official emphasized that this result would consolidate the growth and recovery trend the economy experienced last year.
"We do not yet have the official figures for December, but our preliminary projection is a 5% growth. This would mean that in 2024 GDP would have grown not by 3.2% but by 3.3%. This is good news," he stated.
Arista explained that forecasts for 2025 point to growth above 3% and that no factors are expected to significantly alter this figure, except for potential climatic impacts, which are unpredictable.
Davos
On another note, the minister highlighted the results from President Dina Boluarte's meetings with corporate leaders last week in Davos, Switzerland.
Arista explained that these investors continue to view Peru with great interest, emphasizing its institutional stability, strong economic foundations, investment-grade rating, and foreign investor-friendly environment.
"They have indicated that Peru is a country that offers many opportunities. I believe that is the most important conclusion," he added.
Minister Arista accompanied President Boluarte at meetings with CEOs of global corporations such as Newmont, Anglo American, BlackRock, Vesta, DP World, Ferrovial, and Glencore, among others.
"The investors have expressed their interest in areas such as unlocking investments and deregulating certain sectors. So, it was a very productive discussion," he emphasized.
Citizen Security
Additionally, the high-ranking official stated that the Government is committed to tackling insecurity and is making the necessary efforts to control it.
Strengths
In this regard, the minister highlighted continued expectations for a stronger mining investment portfolio, further development of port infrastructure, and positive performance in the agro-industrial sector.
"We are boosting the development of new mines, with Tia Maria being the most immediate, but we also have Zafranal. Another key focus is port development. Matarani, for example, is a terminal that requires capital, and BlackRock’s investment fund is looking to invest approximately US$500 million," Arista said.
Along the Peruvian coast, there are several other ports where investment funds are interested in their reactivation, thanks to the Cabotage Law, which allows vessels of any flag to navigate Peruvian waters.
"I believe this will generate a wave of investments in ports," he added.
Arista also noted that new trade opportunities will arise in 2025, such as the expansion of the free trade agreement with China, which could allow for the export of frozen fruit to the Asian country.
However, he explained that to fully capitalize on this potential, it is essential to develop the necessary infrastructure to establish an efficient logistics chain, which is also a priority for the Executive Branch.
(END) NDP/SDD/JMP/MVB