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Peru: Public investment to recover in 2H 2019

16:47 | Lima, Jun. 14.

Peru's Central Reserve Bank (BCR) expects a recovery in the country's public investment during the second half of 2019, BCR Economic Studies Central Manager Adrian Armas affirmed Friday.

"This will be important, so an economic recovery —which we all hope for— can take place," the official expressed. 

Likewise, he explained public investment registered negative results in the first half of the current year due to the low implementation by sub-national governments. 

"Every four years, sub-national governments experience changes of authorities, who go through internal learning processes. For that reason, it is a fact that every four years there will be downturns in public investment," he added. 

It should be noted BCR's public investment growth projection —revealed in its March inflation report— stands at 1% for 2019.

(END) RGP/JJN/DTK/MVB

Published: 6/14/2019
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