Andina

Fin Min in Davos: Global business leaders keen to invest in Peru

Photo: ANDINA/Norman Córdova

Photo: ANDINA/Norman Córdova

12:34 | Davos (Switzerland), Jan. 24.

Economy and Finance Minister Jose Arista highlighted that the international investors who have met with President Dina Boluarte are highly interested in proposing the transfer of more investment projects to Peru.

The Cabinet member made this comment after assessing the results of the bilateral meetings in Davos, within the framework of the World Economic Forum (WEF).

The government official mentioned that investors value the existing economic stability in Peru, viewing it as a reliable, attractive country with many opportunities and resources.

"The achievements of the meetings we have held in Davos are, in general, the commitment of investors to visit the country and assess long-term investment opportunities," he indicated.

Arista emphasized that in one of the recent gatherings held with investment fund BlackRock, the corporation demonstrated interest in investing in Peru, highlighting the government's policy of continuing to attract private capital.

"Peru cannot grow without private investment. In 2025, we will work to ensure that investment grows at rates higher than 5%, and we will close the year with a level of private investment exceeding US$50 billion," Arista noted.

"This will be capitalized into greater economic growth, which means less poverty, more jobs, higher wages, and greater well-being for the population," he added.

In Davos, the Ministers of Economy and Foreign Affairs, led by President Dina Boluarte, met with Global Infrastructure Partners CEO Adebayo Ogunlesi on Thursday.

The agenda also included a meeting with Investor AB Chairman, Jacob Wallenberg, and Vestas Senior Vice-President, Morten Dyrholm, where they discussed the opportunity to expand the company's wind energy production operations in Peru.

These gatherings added to those held Wednesday with Newmont Corporation CEO Tom Palmer, regarding the expansion of the Yanacocha Sulfuros Project; Ferrovial CEO Rafael del Pino; Anglo American CEO Duncan Wanblad; Glencore CEO Gary Nagle; and DP World CEO Sultan Ahmed bin Sulayem. The latter announced his interest in expanding investments by over US$1 billion for port infrastructure in our country.

Editor's note: Information provided by the Peruvian Ministry of Economy and Finance.

(END) NDP/MVB

Published: 1/24/2025