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Peru: Private investment to expand 5.2% between 2020-2023

14:29 | Lima, Sep. 4.

The Economy and Finance Ministry (MEF) on Wednesday projected private investment in Peru will increase by 5.2% —on average— between 2020 and 2023.

Likewise, public investment will expand 6.6% during the same period.

"Private and public investment will be the fundamental engines in order to boost economic growth in the upcoming years," MEF Head Carlos Oliva expressed.

At Congress' Economy Commission, the official indicated private investment might rise 4% in 2019, while the public one might increase 2.5% this year.

In this sense, Quellaveco, Mina Justa, and Toromocho Expansion are among the major mining projects in construction.

Furthermore, he pointed out reconstruction works and the modernization of the Talara Refinery are among the main large-scale investment projects in Peru.

(END) MMG/RGP/JJN/DTK/MVB

Published: 9/4/2019

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Peru: Private investment to expand 5.2% between 2020-2023

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