In addition to the new Proinversión portfolio, Minister Alex Contreras highlighted that metal prices today are reaching unforeseen peaks during his last projection, so they expect “favorable conditions and above expectations” for economic recovery.
The Minister of Economy and Finance, Alex Contrerasstated that this year a growth of the Peruvian economy is expected to be higher than 3.1%, from the recovery of private investment, which leaves behind the problems of social conflict, and a higher-than-expected return on metal prices.
During the event Promoting investment to boost the economy Peru 2023 – 2024, the head of the MEF indicated that, as a result of the effects of social conflict on non-primary sectors, there will be a significant impact on GDP in the month of January , a period in which a “moderation is expected and, as of February, the economy will return to a stage of recovery”, hand in hand with exports and better investment indicators.
“In the MEF we are betting [este año] to promote growth greater than 3.1%, and precisely the launch of this event has the objective of trying to regain confidence and coordinate with the private sector. Peru is back again,” he said at the Proinversión ceremony.
Precisely, Proinversión reported this morning that, for this year, It seeks to award up to 16 PPP projects and Projects in Assets, for US$ 3,000 million. In the global 2023-2024, the goal is to award 38 projects of Public-Private Associations (PPP) and Projects in Assets for US$ 9,000 million.
In this sense, the minister specified that, on the external side, they have observed the recovery of markets such as China and an increase in metal prices above what was forecast in the last Multiannual Macroeconomic Framework, for which he would be inclined to say that “Conditions are not entirely negative, but rather favourable, and they are above expectations, although there are geopolitical risks.”
“The goal is for investment to grow more than 3% this year, if one cleans up the effects of the pandemic and post-pandemic recovery, lThe truth is that the last decade has been quite mediocre in investment growth and this has been reflected in a moderation of potential growth. Decades ago we could grow 5% or 6%, now it is difficult to think of growth greater than 3%,” said Contreras Miranda.
Source: Larepublica
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