Andina

Peru: Presidency highlights first deregulatory shock for economic growth

Photo: ANDINA/Vidal Tarqui

Photo: ANDINA/Vidal Tarqui

13:00 | Lima, Apr. 3.

The Presidency of the Republic highlighted on Thursday the recent launch of the first deregulatory shock to achieve economic growth, which includes over 400 measures across 13 key sectors of the Peruvian economy.

Through its X account, the Presidential Office emphasized that the shock includes three main action lines: Reducing restrictions and improving regulation, simplifying procedures, and enhancing efficiency in State management.


"With more than 50% already underway, these initiatives aim to boost competitiveness and productivity in key sectors such as mining, construction, and trade. A firm step towards economic growth!" the Presidency stated in its post.

Among the measures set for implementation, the multisectoral portfolio for Public-Private Partnerships (PPPs) and Asset Projects (AP) stands out, with an investment of US$70 billion, along with 22 irrigation projects totaling US$24 billion.

Additionally, the plan includes the signing of PPP addendums in strategic sectors worth over US$9 billion; the relaunch of the PPP mechanism; and the municipal incentives program, which aims to eliminate 1,846 bureaucratic barriers.

(END) MCA/JMP/MVB

Published: 4/3/2025