Andina

Peru: Greater investment in digital connectivity to boost GDP growth

17:49 | Lima, Jan. 24.

The greater investment flow registered in Peru over recent years proves the Inca country has moved forward when it comes to development.

However, the current situation demands economic growth to settle and future outlooks to be maintained, said Sonia Agnese, Ovum Senior Analyst for Latin America.

She stressed one important key to attracting investment in Peru relies on institutionalism's strength going beyond the different government administrations, as well as political stability giving comfort to potential investors. 

"Peru is a small market, compared to Brazil and Mexico, but this situation has a positive side, which is its economic growth potential," Agnese told El Peruano official gazette.

"Besides, it is the country that registers one of the highest expansions in Latin America," she added.

Telecommunications 

In this sense, the expert pointed out investments in telecommunications are the driving force that can propel the economic activity. 

"It has to be joined by the expansion of other sectors […] to make better use of the digital connectivity benefits for productivity purposes," she said.

According to the Supervisory Agency for Private Investment in Telecommunications (Osiptel), related companies will invest over US$5.80 billion towards 2020. 

"In order to join this new world of digital economy, it's necessary to rely on high-speed networks so that all public and private services can work, thus making social development possible," Agnese concluded.  

(END) DOP/CNA/FGM/MVB


Published: 1/24/2018