Peru: Private investment to expand 4.4% in 2019

11:11 | Lima, Sep. 29.

The Central Reserve Bank has projected private investment in Peru will expand by 4.4% in 2019.

In this sense, the institution revised upwards its 3.8% forecast presented last June.

"The increase in private investment is supported by mining investments and the development of infrastructure projects," BCR Governor Julio Velarde expressed.

These projects include the Jorge Chavez International Airport expansion, Lima Metro Line 2, port terminals, and real estate projects, among others.

Therefore, mining investment will expand 16.3% this year, and investments in other sectors will grow 2.7%.

In 2020, private investment will register a 4.5% expansion, Velarde estimated.

Remarks were made during the presentation of September 2019 Inflation Report.

(END) MMG/JJN/DTK/MVB

Published: 9/29/2019

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