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Learn about Peru Government's economic objectives

16:29 | Lima, May. 2.

Prime Minister Cesar Villanueva on Wednesday presented his cabinet and administration's guidelines to Parliament while seeking a confidence vote.

In his speech, the high-ranking official announced a series of economic measures that focus on three specific objectives.

According to the Prime Minister, all the investments and actions mentioned in his speech will enable Peruvian economy to expand at a rate of at least 5% by 2021.

"This goal, sustainable and equitable, will be joined by a significant reduction in poverty, which will decline from 21.7% to 18% in 2021," Villanueva affirmed.

"That means nearly one and a half million Peruvians will leave this precarious status behind," he said while addressing Congress.

Commitments

He also stressed that the current administration seeks to achieve "orderly, sustainable, decentralized, and equitable growth with clear accountability, transparency, and plenty of dialogue."

Below are the Executive Power's commitments in the economic field:
  1. GDP growth: From 2.5% in 2017 to 5% in 2021.
  2. Private investment growth: From 0.3% in 2017 to 8% in 2021.
  3. Poverty reduction: From 21.7% in 2017 to 18% in 2021.
(END) RGP/RGP/MVB

Published: 5/2/2018
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