Foreign Affairs Minister Oscar Maurtua on Sunday affirmed that Peru provides legal and political safeguards, as well as social license, for responsible and inclusive foreign investment.
"President (Pedro) Castillo has reiterated, at various national and international forums, the importance that the Government attaches to investment as an essential instrument to achieve economic revival after the serious effects caused by the COVID-19 pandemic," he said.
The high-ranking official noted that the strategic sectors of the Peruvian economy face an infrastructure gap of around S/300 billion (US$75.8 billion), thus making it necessary to have private allies that will contribute to closing such gap with social and environmental awareness.
In addition, he welcomed the agreement reached with Las Bambas mining company and nearby communities, noting that "said achievement will be seen as a sign of confidence by foreign entrepreneurs wishing to invest in the country."
"Maintaining and developing significant projects, such as that of Las Bambas mining company —in harmony with nearby communities— will allow us to achieve growth with tangible benefits for all parties involved and to develop different regions of the country in a balanced and inclusive way," Maurtua added.
In this regard, the minister underscored that private investment must be carried out respecting communities in the areas of influence, as well as the environment in which projects operate. In addition, he hopes that companies operating in the country will be aware of this.
Finally, the diplomat emphasized that the government of President Castillo is leading spaces for dialogue between mining companies and social actors so as to find sustainable solutions over time with benefits for all those involved.
(END) GSR/JCR/RMB
Published: 1/9/2022