Peru's President: We are committed to promoting private investment

Photo: ANDINA/ Presidency of the Republic

Photo: ANDINA/ Presidency of the Republic

16:34 | Arequipa (Arequipa region), Nov. 22.

The President of the Republic Pedro Castillo on Monday reaffirmed his Government's commitment to promoting private investment, including that in the mining sector, by respecting the current legal framework and legal stability.

In addition, the Head of State urged Congress to work on a common agenda for the good of the country.

In remarks delivered in Arequipa, Mr. Castillo called on private investors to continue to drive the country's economic recovery and progress with legal stability and clear rules.

"My Government believes in responsible, modern, and sustainable mining, both socially and environmentally speaking. We want a strong mining sector, one whose investment creates employment and opportunities," he emphasized.

The country's top official said that since the beginning he made it clear that mining operations must be conducted respecting the environment and the rights of communities, without polluting water basins or rivers, and with social and environmental commitment.

After noting that his administration has inherited various mining, oil, and environmental conflicts, he said that it (his administration) will use dialogue as a tool to prevent and resolve conflicts, as well as to meet the just demands of the population by implementing a new preventive approach.

"There has not been and will never be unilateral, arbitrary or lawless decisions. The Government will convene business associations, regional and local authorities, as well as communities, to discuss these issues and reach consensus for the benefit of all Peruvians," Mr. Castillo underlined.

"We want projects to be developed under the best conditions and with responsibility. I call on the private sector to continue to work for a more just, egalitarian, cohesive, firm, and prosperous country, by putting the interest of the country first. We must show clear unity," the Peruvian leader added.


Published: 11/22/2021
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