stated that there is a lot of interest in Peru. In this regard, he noted that investments are being reactivated.
"There is plenty of interest in Peru; investments are reactivating not only in the mining sector but also in the energy, fishing, and port sectors, which are good for the country," Arista said.
"Part of this growth we have observed over the past two months, 5.28% in April and 5.04% in May, is the outcome of efforts by ministers, regional governors, and mayors who are boosting investments, which in turn generate more jobs and demand for resources," he added.
During his presentation before Congress' Budget Commission on Tuesday, Minister Arista affirmed that the Government works focused on two objectives: economic reactivation and citizen security.
"We will not grow if we do not attract investment. We have all conditions to become an attractive country for both domestic and foreign investments. The first condition: strong macroeconomic principles," the high-ranking official underscored.
"Secondly, there are legal guarantees for investors, from the Constitution to all regulations and the signing of international agreements, Peru assures foreign investors that their property rights are respected here," Arista noted.
"Thirdly, thousands of opportunities, from agriculture to ports and mines with favorable mineral prices, the country's geographic location, the richness of our sea, the demographic bonus; the truth is all of these make a very attractive package for international investment," he added.
However, the Cabinet member acknowledged that there is failure in terms of citizen security, despite the fact that the Interior Ministry is working diligently in this aspect.
"In terms of security, we are making progress with great efforts, but unfortunately not all of the work is supported by the subsequent entities we have to work with," Arista warned.
"There's no problem with the judges, nor with the with police; unfortunately, with the Prosecutor's Office, there is often noticeable reluctance and little collaboration, which causes major harm to society," he added.
Finally, Minister Arista reminded lawmakers that Peru faces an infrastructure deficit worth around US$150 billion. Thus, half of a year's GDP should be allocated to rely on all the necessary infrastructure.