Peru President: Public investment to exceed US$7 billion

17:08 | Lima, Jun. 22.

Peruvian President Martin Vizcarra on Monday reported that public investment —at the three levels of government— will exceed S/24.500 billion (over US$7.070 billion) in the second half of 2020, up by 20% over last year.

Within this framework, the Head of State stressed that said investment aims to revive the economy.

The top official recalled that —in the face of the reduction in economic activities during the months of March, April, and May, as part of the measures to contain the advance of the COVID-19 pandemic— the Government took measures to reinvigorate the production apparatus.

"If we add Arranca Peru (Get off the Ground, Peru Program), we have a comprehensive investment package for the public sector that —if joined by private investment— we are confident the economic reactivation will lead to creating jobs and resuming our economic growth," he underlined.

The statesman indicated that the economic reactivation's Phase 2 is being completed. Besides, a third phase is already being crafted. For this reason, he stressed the importance of efforts undertaken by private companies, civil society, and the State as a whole.

Furthermore, Mr. Vizcarra stressed that the challenges are huge and called for responsibility from all sectors of the country.

"We are convinced that the crisis we are going through is temporary and that all Peruvians will overcome it," he noted.

On the occasion, the Republic of Peru and the United Kingdom of Great Britain and Northern Ireland signed the government-to-government agreement for the Reconstruction of the North, following the same execution model that ensured the success of the Lima 2019 Pan American Games.

The event took place at the Lima-based Government Palace within the framework of a mandatory social isolation imposed to prevent the COVID-19 from further spreading in the South American country.

Initially set to last from March 16 to 30, the quarantine was extended until June 30.

Monday marks the ninety-ninth day of mandatory social isolation in Peru.

Presidente @MartinVizcarraC: Se programó una inversión pública por un monto de más de 24 500 millones de soles para el segundo semestre del 2020. Este corresponde a los tres niveles de Gobierno y representa un 20% adicional en comparación del año pasado. pic.twitter.com/JscT6KxxEm
— Presidencia Perú (@presidenciaperu) June 22, 2020

Estas obras se ejecutarán en los siguientes dos años en las regiones de Tumbes, Piura, Lambayeque, La Libertad, Áncash, Lima e Ica, generando 30 000 nuevos puestos de trabajo directos. pic.twitter.com/fk742d4O0R
— Presidencia Perú (@presidenciaperu) June 22, 2020

(END) CVC/MVB

Published: 6/22/2020

Video más visto

Peru President: Public investment to exceed US$7 billion

Most read