Andina

Peru Fin Min: "We have tools to grow over 4% in 2019"

12:43 | Lima, Dec. 13.

Economy and Finance Minister Carlos Oliva on Thursday affirmed Peru's economy has the tools to grow more than 4% next year, and projected a 4.2% expansion in 2019.

According to the government official, this rise will be underpinned by private investment, which will be boosted by mining and infrastructure projects implemented in 2018.

"This year, since June, we've had good news regarding private investment at least once a month," the minister told RPP radio and TV news station.

In this sense, he emphasized the Toromocho expansion (US$1.3 billion), Quellaveco (US$5.3 billion), and Mina Justa (US$1.6 billion) projects got underway during the second half of 2018.

Other —non-mining— projects put in place this year include Salaverry Port (US$229 million), Jorge Chavez Airport expansion (US$300 million), and Block 95 (US$365 million).

"All these projects will provide the necessary impetus to enable dynamic private investment next year," he added.

(END) RGP/RGP/RMB/MVB

Published: 12/13/2018
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