Peru's President: Public Investment registers highest level in 11 years

Photo: ANDINA/Presidency of the Republic

Photo: ANDINA/Presidency of the Republic

16:02 | Lima, Mar. 5.

The President of the Republic Francisco Sagasti on Friday underlined the fact that public investment reached S/3.159 billion (about US$865.2 million) in February, being the highest execution figure in the recent eleven-year period.

While attending the swearing-in of the new Board of Directors of the National Assembly of Regional Governments (ANGR), the Head of State stressed that 
joint efforts allow the nation to move towards the path of economic recovery.

"Not only the efforts of the Presidency of the Council of Ministers, the MEF (Ministry of Economy and Finance), and regional governments are allowing us to start walking the road of recovery with a firm footing and in a continuous manner," he added.

The top official also recalled that last Thursday —by means of a Supreme Decree— the Executive Branch authorized the exceptional use of the resources from canon, over-canon, mining royalties, and the Camisea Socioeconomic Development Fund for the Fiscal Year 2021.

"The objective is to stimulate the provision of services and investments by you, regional governors, and that this can be used to reactivate the economy, as well as to face the pandemic," he said.

President Sagasti was accompanied by Prime Minister Violeta Bermudez during the swearing-in ceremony.

Ayacucho Region Governor Carlos Rua was elected Chairman of the National Assembly of Regional Governments (ANGR). He is joined by Apurimac Governor Baltazar Lantaron (Deputy Chairman) and Tacna Governor Juan Tonconi (Secretary).


Published: 3/5/2021
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