Measures adopted by the Peruvian Government to boost investments in the Inca country's regions are on the right track to reinvigorate the economy, Citibank Chief Economist for the North Andean Region Munir Jalil affirmed Tuesday.
"It's a move in the right direction. A large part of the projected investment is expected to be made in the regions this year," Jalil told Andina news agency.
Moreover, he remarked that it is precisely in the country's regions where there have always been considerable difficulties in terms of implementation.
"Thus, any help that can be provided to speed up the (implementation of) projects is more than welcome (…)," he added.
The Head of State also noted that —besides the S/1.3 billion (about US$403 million) for the
projects' financing— the Peruvian Government has allocated some S/2 billion (about US$620 million) for the execution of works.
Confidence
On the other hand, the Citibank executive mentioned there is a wait-and-see stance on the part of foreign investors regarding what the current administration can do.