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Peru's PM to entrepreneurs: We are committed to economic recovery

Photo: Presidency of the Council of Ministers (PCM)

Photo: Presidency of the Council of Ministers (PCM)

12:07 | Lima, Feb. 1.

Prime Minister Alberto Otarola met with the Board of Directors of the National Society of Industries (SNI), to whom he reaffirmed the Executive Branch's commitment to promote economic recovery, with an emphasis on small and medium-sized enterprises.

"This government is committed to the recovery of small and medium-sized enterprises, as they are a core part of the industrial sector," he remarked.

Moreover, the Cabinet chief noted that measures have been put in place, such as the extension —until June 30, 2023— of the financial program Reactiva Peru

Reactiva Peru was created in 2020 to provide a prompt and effective response to the liquidity needs faced by companies due to the impact of COVID-19.

Thus, users will be able to benefit from the rescheduling of their loans with new grace periods.

Furthermore, Otarola highlighted the validity of Emergency Decree 012-2022, so that users of the Business Support Fund for the Textile and Clothing Sector (FAE-Texco) can reduce the impact of the financial crisis.

In addition, the head of the Ministerial Cabinet pointed out that the implementation of the Impulso MYPERU credit program will continue in 2023, with resources worth S/2 billion (about US$520 million), to cover financial system loans for working capital, fixed assets, and/or debt consolidation under more favorable conditions.

On the other hand, Otarola announced that a range of new measures from the Con Punche Peru Plan will be presented this week.

These measures are "aimed at reactivating the economy across the regions, particularly those that are home to places of greater vulnerability and high social conflict," he said.


Publicado: 1/2/2023