Legislative decree will help the growth of private investment at the end of the year and for the period 2024-2026.
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Within the framework of the legislative powers granted by the Congress of the republicthe Executive Branch approved this Wednesday, April 19, a legislative decree that aims to optimize the procedure of budgetary capacity for projects of public private associations (APP).
“APPs have been an element that has greatly helped the development of infrastructure in Peru, but which in recent years has been affected by an excess of permits, excess deadlines. What we have done is improve the framework of budgeting capacity. Usually, this very rigorous analysis is done even in the early phases of PPPs,” explained the head of the Ministry of Economy and Finance (MEF), Alex Contreras.
Specifically, the approved norm generates a simplified procedure for early phases, which leaves the analysis of budgetary capacity for final phases.
According to the MEF, the improvements to the budget framework for public-private partnerships will have an impact of more than US$7.5 billion of private investment. This will be key in the growth of investment at the end of the year and for the period 2024-2026.
Source: Larepublica
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