on Tuesday stated that economic growth levels in Peru are recovering the proportions recorded before the COVID-19 pandemic.
Mrs. Boluarte provided an assessment of her administration thus far in 2024.
At this event, the Head of State pointed out that "we have achieved growth rates of over 5% during these first eight months."
The top official noted that the economy grew by 3.5% last August, adding that "we are heading for an expansion above 3% for the entire year 2024."
In this regard, she said that Peru is "returning to pre-pandemic growth levels."
The president noted that "these figures should give us security, confidence, and peace of mind in our society."
She attributed them to the good performance of the numerous productive and economic activities taking place in the country.
Formal jobs and investment
The president highlighted that the Peruvian Sol is one of the most solid currencies in the region.
Similarly, Mrs. Boluarte underscored that formal employment reached 5.8 million jobs between January and August 2024.
This figure represents a 1.6% rise compared to the same period last year, she added.
"That means there are more Peruvians with jobs and more income for their families," said Mrs. Boluarte, who indicated that international organizations endorse these figures.
Likewise, the Head of State underlined that public investment exceeded S/36.623 billion (about US$9.745 billion) last September, a growth of 24% compared to last year.
Regarding unblocked infrastructure projects, the president said that these "will mark a before and after in the economy." She also noted the potential of Tia Maria Mining Project, which exceeds US$1.4 billion.
The top official said that mining investment amounted to US$2.918 billion between January and August, a figure that is 7.5% higher than that recorded in the same period in 2023.
Regarding transportation, Mrs. Boluarte mentioned the inauguration of Muelle Bicentenario (Bicentennial Dock) in Callao Port’s southern area, with an investment worth US$350 million. This will consolidate the aforementioned port as one of the most important in South America, she noted.
Similarly, the president said that the Huancayo-Huancavelica Railway (project) was awarded last August, which will interconnect and boost the economy of both provinces.
The Head of State also mentioned that the implementation of Lima Metro Line 2 has so far reached 64% completion rate.
She indicated that 8 million passengers of this service have used the new phase of this service during the trial period.