—the world's leading investment fund— expressed its interest in investing in Peru during meetings with the Peruvian delegation at the World Economic Forum (WEF) held in Davos, Switzerland,
"It has not only been a very fruitful meeting but also pretty a busy one. President Boluarte's presence demonstrates to investors the country's interest in attracting foreign investment," Arista said in remarks to TVPeru on Thursday.
"I believe this has been valued by many investors, who in large numbers have sought bilateral meetings with the President. Many of them have not been able to be received, but a large portion of them have had very fruitful meetings with the Peruvian team, headed in this case by President Boluarte," he added.
From Davos, the
Ministry of Economy and Finance (MEF) head stated that
one of the achievements of Peru's participation at the WEF has been the commitment of many investors to visit the South American nation so as to assess long-term investment opportunities.
"They showed their interest in the case of mining, which requires a much more stable and calm country because mining investment stays in the country for many years. It is different from setting up a factory; you place it one day, and depending on the circumstances, you move it elsewhere," Arista indicated.
"In this case, what they are asking for is greater stability, and the commitment of many of them to visit the country. They highly value the economic stability that Peru has; they see it as a very reliable, attractive nation, with many opportunities and abundant resources. They are very interested in researching and proposing the transfer of greater investment projects to the country," he detailed.
Likewise, the Cabinet member emphasized that private capital is crucial for driving Peruvian economic growth.
"All domestic and foreign investment is very important for the country. We will close the year 2025 with a level of private investment exceeding US$50 billion," Arista stated.
The government official mentioned that the activities carried out by the team, led by President Boluarte, contribute to generating "a great deal of appetite among investors" for Peru.
"These are mechanisms or messages that reach all investment funds. We had a meeting with the world’s most important investment fund, BlackRock; they are also very interested in investing in Peru," he underscored.
The economist stated that Peru cannot grow unless private capital is increased, as it accounts for 80% of the total investment made in the South American country.
"The goal for 2025 is to achieve rates above 5% in terms of investment. Hopefully, this will be achieved, because at the end of the day, it translates into greater economic growth, which means less poverty, more employment, higher wages, and greater well-being for the population," he explained.
Moreover, the Minister described the top official's presence in Davos as positive for strengthening ties with international investment.
"This has been a great opportunity for her to also perceive the interest that investors have and what it is they are looking for in the country," Arista underscored.
"It is important to harmonize, on one hand, our authorities, and on the other, the investors, so they perceive the country as genuinely interested in growing, developing, providing stability and security to investors, and above all, generating employment and growth, which is what President Boluarte emphasizes," he added.