The
President of the Republic Pedro Castillo on Wednesday led a new session of the Council of Ministers, which covered topics of national interest such as the progress made in the implementation of the Peru Boost Plan and the situation of the main public-private investment projects that are underway.
According to the Government Palace Press Secretariat, the meeting between the President and his State ministers started at 8:30 a.m. and took place at the headquarters of the Executive Branch.
The
Peru Boost Plan is intended to reactivate and enhance sustained economic growth, and promote the creation of jobs.
Moreover, it is expected to help Peru grow at a rate of 3.2% this year, above the average for Latin America and the world.
In today's session, participants debated the bill to extend the validity of Law No. 27623 and Law No. 27624, which provide for the return of the General Sales Tax (IGV) and the Municipal Promotion Tax on mining and hydrocarbon activities in the exploration phase.
This extension is intended to maintain the incentives in order to encourage investment in the private sector and raise business confidence.
The session also served to discuss a bill to establish the necessary measures to promote the implementation of the Comprehensive Plan for Reconstruction with Changes, in a bid to expedite progress towards the completion of reconstruction works at the national level.
On the other hand, the Head of State and the Ministerial Cabinet assessed the progress of the
52nd OAS General Assembly, which will be held in Lima on October 5-7.
Additionally, the report on Peru's participation at Expo Osaka 2025 —to be held in Japan— was presented at the meeting.
(END) VVS/RMB/MVB
Published: 9/28/2022