Peru: Gov't to promote job creation with over US$2.69 bn in public investment

Photo: ANDINA/Presidency of the Republic of Peru

Photo: ANDINA/Presidency of the Republic of Peru

14:10 | Lima, May. 1.

The Government will promote employment generation with more than S/10 billion (about US$2.69 billion) in public investment, the President of the Republic Dina Boluarte said on Monday.

Mrs. Boluarte made these remarks during a ceremony that conferred the 2023 Order of Labor to individuals who stood out in the sector, on the occasion of International Workers' Day.

The Head of State explained that the Council of Ministers has just approved a legislative decree that will speed up public investment and projects for that amount, which will result more public works in general: health, education, drinking water, neighborhood roads.  

Moreover, she said, this will lead to more employment opportunities and increased income for Peruvians.

Additionally, the Head of State highlighted that a transfer of more than S/250 million (about US$67.3 million), has been approved through the Lurawi Peru program, in favor of various executing agencies in the public sector, in order to create more jobs all over the country.

Added to this are private sector projects such as the expansion of the Jorge Chavez International Airport, the Lima Metro Line 2, the Chancay Port Terminal, and the South Dock of the Port of Callao, which will generate employment, thanks to the legal stability and clear rules offered by the Government to investors.

"The outlook is favorable for Peru. Our economy has started to recover. To date, 95% of the measures under the Con Punche Peru Plan have already been approved, which will be key to reactivation in the coming months," the dignitary underlined.

"Business expectations are also improving. We expect the creation of more than half a million jobs this year, as many companies plan to hire more people," she added.

(END) NDP/RMCH

Publicado: 1/5/2023