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Nation Has Fiscal Space For Economic Grants For Vulnerable People

PERU
  • Peru has enough fiscal space to make payments to low income people, Finance Minister Pedro Francke said to journalists. (BBG)
    • "We will approve this payment by a decree in the Council of Ministers," Francke said.
    • Prime Minister Guido Bellido said in a televised interview on Sunday that the government will provide a payment of 350 soles to some 13 million people.
  • Peru Calms Interventionist Fears With Plan to Tap Copper Riches (Bloomberg)
    • The new socialist government is working with the mining industry on a new approach to community relations and red tape to unlock more of the country's huge mineral wealth.
    • "All companies are happy, so far," Minister of Energy and Mines Ivan Merinosaid in an interview Saturday. "We all agree that all projects must be given a new social face, that we need a new pact."
    • The minister's conciliatory and pragmatic tone may further ease fears stoked by talk in the election campaign of greater state intervention in natural resources.
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