Fin Ministry promotes Peru Boost Plan among business guilds

Photo: Courtesy

Photo: Courtesy

11:34 | Lima, Nov. 23.

Peruvian Economy and Finance Minister Kurt Burneo summoned business associations to inform them about the progress and new measures proposed within the framework of the Peru Boost Plan, and urged them to promote its implementation so as to contribute to economic recovery.

Held last Tuesday at the Ministry of Economy and Finance (MEF) headquarters, the meeting was attended by representatives of the Association of Peruvian Exporters (ADEX); the National Society of Industries (SNI); the National Society of Mining, Oil, and Energy (SNMPE); and the Lima Chamber of Commerce (CCL).

The meeting also saw the presence of the National Fisheries Society (SNP); the Association of Peruvian Farming Producers (AGAP); the National Chamber of Tourism (Canatur); the Peruvian Chamber of Construction (CAPECO); Peru Chambers; and the Peruvian Association of Renewable Energies (SPR) .

In this regard, Minister Burneo —who was joined by Deputy Economy Minister Alex Contreras and Advisors Cabinet Chief Jaime Reyes— explained that actions from the Peru Boost Plan —which contains 48 provisions, including regulations and interventions— are already being reflected in the economic results of the past quarter.

"There has been progress thanks to 24 provisions, which comprise 12 measures to streamline private spending, eight measures to speed up public investment, and four measures to restore confidence. Besides, there are 13 bills approved by the Council of Ministers and sent to Congress," he reported.


The Economy sector's head reiterated that the Peru Boost Plan, announced last September, had been crafted on the basis of three thematic axes.

Regarding the axis on the improvement of conditions for private spending, he pointed out that announcements and ratifications of various private investment projects have been made —especially mining ones.

In relation to the public investment acceleration axis, he explained that greater control is being exercised over investment projects, especially on subnational governments, through MEF's technical assistance program and reinforcing advisory work with greater participation of public investment specialists.

Regarding the confidence recovery axis, the minister affirmed that the Government respects stability in the tax structure and in tax rates. 

Moreover, he mentioned the initiative to find solutions to the obstacles to private investment —through executive roundtables.

"I invite you to participate in executive roundtables and do so more frequently. It is an opportunity to solve problems. Your participation is highly important," he stressed.

During the meeting, the minister detailed the 10 additional measures proposed to make the reactivation a reality. 

He also emphasized that the ministry has been working insistently on the recovery of business and consumer expectations.

Delays at Congress

Finally, Minister Burneo highlighted the consensus and support for the Peru Boost Plan shown by business and work guilds.

However, he expressed concern about the delay by Parliament in approving the bills considered in the plan.


Publicado: 23/11/2022