Following the announcement by the President of the Republic, Dina Boluarte, to relaunch the Reactiva Peru credit program towards the fourth quarter, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, indicated that this measure would be being brought forward for this third quarter given that the businesses require financing.
In this way, the new Reactiva, which will be a strengthening of the Fund Growwould be included in the supplementary credit bill that the Executive Power will send to the Congress of the Republic in the coming weeks.
“We want to advance it now in the supplementary credit, We are looking at that possibility. The idea was to do it at the end of the year, but we see that there are medium-sized companies that are being affected and that at this time are not covered by our credit boosting schemes,” Contreras Miranda said in an interview with La República.
Interest rates
When asked about the interest rates that the credits of the new Reactiva would have, the holder of the MEF He assured that these will be attractive, although not as low as those that occurred in the Reactiva Peru that was executed at the time of the pandemic, since at that time the reference rate was located at 0.25%.
“Now that minimum rate is 7.75%; then, the lowest rate that can be guaranteed is one close to that. Rates of less than 10%, without a doubt,” said the official.
Likewise, this credit program would have the Good Payer Bonus, which means an incentive to the businessman who complies with the payments of the state-guaranteed loan.
Regarding the amount that will be assigned to the new Reactiva, the Minister of Economy said that it could be between S/500 million and S/1,000 million; however, resources could be adjusted based on demand. Any sector could access credit and it is also designed for medium-sized companies.
The word
Alex Contreras, Minister of Economy and Finance
“The Reactiva 1 rates are unrepeatable because at that time the cost of money, which is the reference rate of the Central Reserve Bank, was 0.25%, almost zero. Now that minimum rate is 7.75%”.
The data
Ease. Companies with rescheduled loans from Reactiva Peru can request a new rescheduling of their debt until September 30.
Source: Larepublica
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