During a meeting with CEOs and vice-presidents of large U.S. corporations in Los Angeles on Thursday,
affirmed Peru is one of the economies that relies on the soundest macroeconomic indicators in the region and will continue to maintain them that way.
"The conviction of maintaining macroeconomic stability and boosting private investment is the priority objective of President Castillo's Government," the official asserted.
"Namely because with the generation of investment, income and formal employment are created; (investment becomes) the main mechanism for closing social gaps, in education and health sectors, reducing the levels of inequality that exist in the various regions of our country. That is only achieved with the confidence of investors," he added.
Minister Graham indicated that the economy, following the great vaccination effort undertaken to ensure the population's health, shows the revival of various economic activities.
Likewise, the official reminded attendees that
Peru's economy is projected to grow 3.6% in 2022 —with a low public debt level. Besides, in the path towards reducing the fiscal deficit, fiscal rules are being resumed again to reach 1% in 2026.
"President Castillo's commitment is to manage the economy responsibly. This year we face adverse effects due to the rise in international prices. Nonetheless, the increase in the price of copper enables us to generate income so as to mitigate the impacts on the most vulnerable sectors of the population," he explained.
Furthermore, the minister pointed out that President Castillo's Government is convinced that private investment is the great growth engine.
"The most sustained and important way of generating well-being in the population is through the generation of formal jobs. This is an offer, of course, within the framework of respect for regulations, respect for property, and that is a commitment mentioned by the President," he underlined.
Minister Graham affirmed that Peru is also working on an improvement in the competitiveness agenda given that the objective is to become more competitive by diversifying the growth sectors above all.
He added that Peru nowadays stands out for the growth of mining and agro-export activities. In this sense —he said— Peru has achieved leadership in terms of various products worldwide.
Besides, it is linked to the main economic blocs. In fact, nearly 82% of world's GPD has an FTA-connection with Peru, thus being an open door not only for investments, but also for access to other markets through it.
"Peru ensures, as President Castillo has mentioned and highlighted, respect for property and respect for the rule of law —as it is said in English— within the framework, of course, of respect for international regulations, the environment and, obviously, the rights of all stakeholders involved in the production process," he concluded.