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Government Announces $9B In Projects To Boost Economy

PERU
  • Peru's government announced on Tuesday the launch of more than 30 public-private projects worth nearly $9 billion, hoping to revive the economy hit by violent anti-government protests. (Reuters)
  • The projects, involving road infrastructure, energy and sanitation, are set to begin between this year and 2024, according to the head of the state's agency for investment promotion Jose Salardi, speaking at an event with investors.
    • "The key is to regain confidence," Salardi said, adding the government is simplifying processes, standardizing contracts and coordinating with the private sector.
  • In the same conference with investors, Economy Minister Alex Contreras stated protests affected the economy of the world's second largest copper producer in December and January, but early economic indicators are showing a recovery in February.
    • "The goal is for private investment to increase 3% this year," Contreras told the conference.
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