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Peru gov't unveils US$45.59bn in private investment for 2013-15 period

Peru

Peru's Economy and Finance Minister, Luis Miguel Castilla. Photo:ANDINA/Laura Vásquez.

08:29 | Lima, Oct. 02 (ANDINA).

Over US$ 45.59 billion worth of private investment projects in Peru are expected to be implemented over the next two-year period, Peruvian Finance Minister, Luis Miguel Castilla has announced.
During his opening remarks on Tuesday at the forum “Private investment for development-San Martin”, the minister noted that the number of major infrastructure investment for the period 2013-2015 increased between June and September of this year.

The Peruvian senior official stated that, according to last figures released by the country’s Central Reserve Bank, the announcement of foreign private investments over the three-year period amounted to US$ 41.91 billion until last June.

“The government’s commitment to facilitate investment in the country is starting to bear fruit,” he noted, while highlighting the recovery in business confidence in recent months.

The Finance Minister pointed out that private investment plays a key role in the Andean country’s economic growth and commended the work carried out by the Investment Monitoring Team of the Ministry of Economy and Finance (MEF).

Castilla added, “More than twenty major projects have been unlocked and there is a large private investment portfolio which will be materialized not just in Lima, but in several regions.”

The said business conference, which is being held in the city of Tarapoto, capital of the northern San Martin region.  is organized by the Peruvian Private Investment Promotion Agency (Proinversion).

(END) LVT/AQR/LOG


Published: 10/2/2013
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