Government will allocate S/4,000 million to address the emergency caused by Cyclone Yaku

The head of the Ministry of Economy and Finance (MEF), Alex Contreras, announced that the Government will direct S/4,000 million to implement measures divided into three axes: immediately attend to the emergency, recover productive activity and prevention actions. He stressed that the implementation of the plan With Punche Peru has been key in the recovery of the economy, for this reason growth of 4% is expected for April; however, this projection could be affected by climatic factors.

“There is an estimate of additional measures for a value of S/4,000 million that will come out in the following weeks,” Contreras said.

The minister explained that the largest crisis episodes that have been recorded in the country, such as COVID-19, the El Niño phenomenon, among others, have had a great impact on GDP, therefore, the plan he is coordinating With the other portfolios, it will make it possible to guarantee and recover productive capacity, so that affected families can normalize their lives. The measures will be approved through emergency decrees or as appropriate in each case.

“What we have said at all times is that there are resources in emergency situations. Other sources will be created in addition to the specific emergency budgets, balances of investment projects, The percentage of disposal of the canon will be raised from 20% to 50%, there is a recovery plan for mypes as well, there are various details on the social housing side, a series of mechanisms that are needed”, said the head of the MEF.

Finally, Contreras highlighted that in the three months of President Dina Boluarte They have faced two important shocks in economic terms, but what is most relevant is that the economic variables and the most important indicators of the economy continue in their recovery process.