The Government has placed greater emphasis on enhancing efficiency in public investment,
Peruvian President Martin Vizcarra has affirmed.
He noted that only in the first month and a half of the year,
public investment grew 60%, when the growth projection for this sector was 9%.
The Head of State remarked that the economic growth projection for this year is 4%, although he noted that —amid this international context— a more detailed assessment should be carried out.
"Our forecast for growth —which is the composition of public and private investment— is 4%; in the case of public investment, the figure is above the projection," he said.
Mr. Vizcarra affirmed that his administration is working in cooperation with regional and local governments. He said the first year in office of said authorities was aimed at learning, which will result in greater efficiency.
"We require diversified private investment, which explains the expansion of Toro Mocho, Mina Justa, Quellaveco," he stated.
Regarding Tia Maria, the President commented that the level of people's distrust in this project prevents it from being carried out until conditions are set to proceed.
(END) FHG/RMB
Published: 2/19/2020