Faced with the inevitable freezing of the Peruvian GDP to the detriment of the population – hit for a long time by the inflation and loss of purchasing power–, the Government of Dina Boluarte launched the Unidos plan, a program that seeks to reactivate the economy by injecting resources to the productive sectors and modifying the regulatory frameworks in favor of private investment.
Alex Contreras, head of the Ministry of Economy and Finance (MEF), recognized that this new plan is “the silver bullet” with which the Executive seeks to mitigate the impacts of the recession, in a panorama where The Global Child It can make everything worse.
Resilience
This 2023, private investment would fall 5.3%, according to the latest BCRP report – and only in 2024 would it rise 1.8% – while mining will experience contractions of 18.1% and 7.6%, respectively.
Contreras pointed out that mining is a resilient activity that will sustain the growth of the GDP, so in the United States they contemplate 13 management and regulatory measures to facilitate mining exploration and operation: from the optimization of environmental requirements and prior consultation to the improvement in safety and health at work and production and mining concessions in accordance with the needs of the sector. These documents will be published in the coming days, according to the official.
In addition, legal provisions will be approved that will allow US$1.5 billion to be invested to promote the petrochemical industry, in order to produce fertilizers (urea) and explosives (ammonium nitrate) to strengthen the competitiveness of the agricultural and mining sectors.
Likewise, simplifying shocks will be executed to accelerate private investment with the establishment of a maximum period of three months to grant construction authorizations and more facilities to obtain the Environmental Impact Study.
Within the mining unblocking shock, the Ministry of Energy and Mines (Minem) has a potential portfolio of US$46 billion, of which investments of US$22 billion are guaranteed: US$8 billion for this year in hydrocarbons, electricity and mining; and by 2024, approximately US$11 billion in these subsectors.
Reactions
Alex Contreras, Minister of Economy and Finance
“We cannot talk about unblocking without unblocking mining. We are going to bet on this path. On the agenda we have La Granja, El Galeno, Río Blanco, Los Chancas. “It will be a multi-sectoral work.”
Óscar Vera, Minister of Energy and Mines
“Everything has changed. In mining we estimate to have over 10% of what we saw last year. The economy is stable and we have legal stability for the resources we have, which are large.”
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
