Peru has social market economy with no restrictions on private investment

Photo: ANDINA/Renato Pajuelo

Photo: ANDINA/Renato Pajuelo

12:02 | New York (U.S.), Sep. 21.

Economy and Finance Minister Kurt Burneo noted that Peru has a social market economy that does not place restrictions on investment and respects private property.

"In Peru, we have a social market economy, in which there are absolutely no restrictions on private investment," he said.

"There is equal treatment for both local and foreign investors, and above all, some basic elements for the decision-making process in companies are ensured," the Cabinet member explained. 

"For example, tax rates that will not be changed, an economic model that will remain the same, and the reduction or elimination of complications caused by pending reports from regulators, which sometimes hinder billions of dollars in investment," he added.

Burneo highlighted the meeting that President Castillo and some State ministers held with investors and representatives of companies grouped in the Americas Society/Council of Americas (AS/COA).

"At the meeting, the entrepreneurs' idea was basically to ask about some aspects that may lead to controversies, through information that the country itself provides," he remarked.

"For example, they are interested in how investment will be promoted, on the understanding that investment is key to boosting the country's economic activity," the government official stated.

The minister highlighted President Castillo's trip to New York, along with a ministerial delegation, in order to participate in the 77th Session of the United Nations General Assembly (UNGA 77), which began on September 19 and will end on September 21, as well as in meetings with entrepreneurs and investors.

"This is definitely important because several urban myths surrounding the Government of President Castillo can be resolved, such as respect for private property," he pointed out.


Publicado: 21/9/2022