participated on Monday in the launch of the deregulatory shock aimed at stimulating investments and accelerating Peru's economic growth.
"What we have here to present today is the result of two months of joint work between the public and private sectors, following the government's open approach to implementing measures that drive economic growth, especially by simplifying procedures and eliminating bureaucratic obstacles," Salardi said.
"One of our biggest challenges is improving our regulatory quality. Various analyses, such as those from the World Economic Forum, classify Peru as a country with low productivity and a high regulatory burden. If we want to follow the path of development, we need to simplify many aspects to enhance productivity and reduce the existing regulatory burden," he added.
The Cabinet member emphasized that bureaucratic hurdles lead to low development, despite the country's significant potential to achieve sustained growth, close social gaps, and reduce poverty levels.
"Therefore, we propose having fewer but better regulations so that the (Peruvian) State can promote job creation and social well-being," Salardi stated.
"We have several strategies that, sequentially, will enable us to implement short- and medium-term measures specifically aimed at directly reducing regulatory burdens on both citizens and businesses," he added.
The minister announced that 402 measures have been developed to accelerate investments and stimulate economic growth. These key lines of action focus on deregulating and improving the regulatory framework, simplifying procedures, and ensuring more efficient State management.
"Given this, through joint and coordinated work over the past 60 days, we have managed to determine a total of 402 interventions distributed across different aspects," Salardi explained.
"In the coming days, a supreme decree will be issued to eliminate 186 bureaucratic barriers; this is the first time such a significant reduction has been made. Additionally, we will streamline administrative procedures, aim to optimize timelines, strengthen institutions, improve oversight and control mechanisms, enhance tax regulations, and eliminate or optimize processes," he added.
Minister Salardi stated that over 50% of the measures have already been implemented, while the rest will be gradually executed between April and July of this year.
Among the measures already in place are the extension of the Drawback program for non-traditional exports, the elimination of 186 bureaucratic barriers, and raising the cap on Works for Taxes (OxI) certificates to over S/46 billion (above US$12.613 billion).
Upcoming measures include a multisectoral portfolio of Public-Private Partnerships (PPPs) and Asset Projects (PA) worth US$70 billion, a portfolio of 22 irrigation projects valued at US$24 billion, the signing of PPP addenda in strategic sectors for over US$9 billion, the relaunch of the PPP mechanism, and the launch of a municipal incentives program to eliminate 1,846 bureaucratic barriers.
It should be noted that the first set of measures under the "deregulatory shock" was carried out before a group of approximately 20 industry representatives.