MEF on the threat of El Niño: “One sun in prevention is equivalent to S/10 in recovery”

MEF on the threat of El Niño: “One sun in prevention is equivalent to S/10 in recovery”

In addition, they indicated that the National Infrastructure Authority will build “what has not been done in these years.”

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In order to address the possible impacts of the El Niño Phenomenon in Peru, the Ministry of Economy and Finance (MEF) will allocate more than S/7.2 billion. To date, S/5,000 million have already been executed.

Alex Contreras, head of the MEF, pointed out that the execution amount doubles everything allocated for prevention in the last four years and it was not necessary to go into debt.

Thus, he assured that our country “is more prepared than ever” for El Niño; although he acknowledged that past mistakes will be avoided taking into account that the 2017 FEN cost the State S / 50,000 million for reconstruction.

“One sun in prevention is equivalent to 10 suns in recovery,” he told the media from the National Emergency Operations Center (COEN).

Finally, he announced that the National Infrastructure Authority (ANIN) —to be activated on January 1— will allow resilient infrastructure to be developed “that has not been done in the last four years.”

ABOUT THE AUTHOR:

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Graduated from the Jaime Bausate y Meza University. In constant learning. Previously in Mundo, but now I write about economics in the newspaper La República.

Source: Larepublica

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