on Thursday stated that it is necessary for legal certainty to be present in all sectors.
"We truly need legal certainty to be present in all sectors if we want to attract investment or increase it. That is absolutely essential," BCR Governor Julio Velarde said.
"I cannot propose the solution myself, because I do not know the matter well, but there is indeed concern regarding legal certainty and trust in the rulings that could be issued," he added.
At Perumin 37, the official noted that investment in Peru has slightly recovered this year, after showing negative figures in recent years.
"Investment, as a share of Gross Domestic Product (GDP), has been declining, but it has recovered this year, albeit at very low levels," Velarde said.
"We have not had a particularly favorable environment lately for optimism, conditions, investment, and growth," he added.
The BCR governor commented on the disputes involving the Peruvian State at the International Centre for Settlement of Investment Disputes (ICSID).
"I believe there hasn't been enough caution when some concessions were terminated, almost demagogically," Velarde expressed.
Regarding taxation, the economist noted that "one would truly expect that a serious company has no tax contingencies."
At the end of his participation in the mining summit, Velarde received a recognition from the organizers of Perumin 37.