14:01 | Paracas (Ica region), Nov. 10.
Peruvian Economy-Finance Minister Kurt Burneo affirmed that the new measures included in the
Peru Boost Plan, which were announced on Tuesday, were introduced because the international economy is getting worse, noting the need to restore confidence in private investment.
"So, how do we build trust? There is an asymmetry there. It is difficult to gain trust, but easy to lose it," the government official remarked.
"That is what we are doing now, for example, both under the Peru Boost program, which is the first reactivation program, and the new measures that I announced on Tuesday in order to promote private investment and resume the growth pace," he added.
"Another important point is that there are concerns that we cannot ignore. Why did we prepare a second set of reactivation measures? Simply because the international economy has worsened compared to the situation in August this year," the minister explained.
Burneo affirmed that public tenders for investment in general, but private investment in particular, are essential to resume the growth pace.
However, he added, the implementation of the reactivation program is being extended over time.
"If the first package measures are experiencing a slight delay, effectiveness will be obviously reduced and, consequently, the contributions and the influence on what the GDP dynamics are will be reduced," the minister stated.
"For this reason, on Tuesday, we revised the growth projections for the country's economic activity, in line with what figures suggest," he added.
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Published: 11/10/2022