Andina

Peru: Economy showing first signs of recovery

10:18 | Lima, Jul. 22.

After some very difficult months, the Peruvian economy is showing its first signs of improvement, Lima Chamber of Commerce (CCL) Chairwoman Yolanda Torriani said on Wednesday.

In remarks to El Peruano official gazette, she stressed the need to promote concerted actions between the State and the private sector.

According to Torriani, the Lima Chamber of Commerce welcomed and congratulated the President of the Council of Ministers Pedro Cateriano, as well as his Cabinet, on their appointment.

Besides, she is confident that things will keep moving along. "Let us keep in mind that if everything goes well for the ministers, it will be beneficial for Peru."

Regarding the private sector's participation in this difficult time for the economy, Torriani affirmed that entrepreneurs have done many good things since the state of national emergency began and they continue to do so. 

"However, this pandemic exposed our reality. We were absorbed in other issues and did not realize what is really happening in Peru," the CCL head expressed.

"We recently held a virtual meeting with the Chambers of Commerce of Santiago (Chile), Buenos Aires (Argentina) and Bogota (Colombia) (…), in which we identified the same problems and sought solutions as a team," she added.

When asked about how to attract private investment in this scenario, she admitted that the task is not easy, but the State and private sector must work together to that end. 

"Private capital accounts for 80% of total investment in the country and is made up of local and foreign (investment). We continue to be a consolidated economy, with very strong macroeconomic indicators, and investors still have high expectations for us," the CCL officer said.

(END) DOP/WRR/RMB/MVB

Published: 7/22/2020