Fin Min: Con Punche Peru 2 involves investment worth over US$1.59 billion

Photo: ANDINA/Daniel Bracamonte

Photo: ANDINA/Daniel Bracamonte

16:30 | Lima, May. 19.

Peruvian Economy-Finance Minister Alex Contreras on Friday indicated that the Con Punche Peru 2 Plan includes measures which entail a total investment worth more than S/5.90 billion (above US$1.59 billion).

The economist said the Con Punche Peru 2 Plan is aimed at continuing to boost the reactivation of economic activities in households, regions, and productive sectors.

"The entire package involves slightly more than S/5.90 billion. We continue working under the three axes: family economy revival, sectoral reactivation, and regional reactivation. Yet we want to make explicit our desire to reactivate MSEs; thus, we have created a specific axis," he pointed out.

Minister Contreras reported that Con Punche Peru 2 is being launched because there are major risks, such as the increase in poverty and a potential Global El Niño phenomenon. Therefore, the strategy is being reinforced with four axes.

"Regarding the reactivation of family economy, we want to emphasize that we are not only interested in reactivating it, but also in fighting poverty, reversing the negative trend that made more than nine million Peruvians poor," he said.

The minister indicated that, to achieve sectors' reactivation, work will be done to reinforce ports and airports so that public infrastructure is complemented by private initiative for the benefit of the population, in addition to boosting tourism, as well as supporting health, education, mining sectors and citizen security.

"For the reactivation of MSEs, the Impulso MYPERU program is good, and this year we will increase it from S/2 billion (about US$541 million) to S/3 billion (about US$811 million). We are going to allocate S/1 billion (about US$270 million) more in guarantees to continue financing MSEs so that none of them goes bankrupt because of the problems we have faced this year," Contreras emphasized.

"Lastly, there are regional reactivation measures. We are going to additionally finance projects for approximately S/1 billion in various regions nationwide," he said.

On this occasion, the Cabinet member was accompanied by Deputy Ministers Jose Carlos Chavez (Finance) and Juan Pichihua (Economy), as well as the Ministry's general directors and technical team.

(END) CNA/JJN/MVB

Published: 5/19/2023
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