Investment Monitoring Team passes into the hands of the Vice Ministry of Economy

The Ministry of Economy and Finance (MEF) ordered that the Specialized Investment Monitoring Team (EESI) become functionally and administratively dependent on the Vice-Ministerial Office of the Economy.

Through Supreme Decree No. 363-2021-EF, President Pedro Castillo establishes changes in the Article 3 of Supreme Decree No. 019-2019-EF and delegates the functions related to the monitoring of investments, which previously fell to the global office of Minister Pedro Francke, to Deputy Minister Alex Contreras.

Likewise, they establish changes in the Article 10 of the Regulation of Legislative Decree No. 1362, which regulates the Promotion of Private Investment through Public Private Associations (PPP) and Asset Projects, approved by Supreme Decree No. 240-2018-EF.

“In order to improve the articulation of EESI activities with the objectives of the Vice-Ministerial Office of the Economy and thus optimize compliance with the general economic policy, it is considered pertinent to modify the functional and administrative dependency of the aforementioned Team to the Vice-Ministerial Office of Economy. ”, Says the DS.

In this way, the Executive establishes that the monitoring of the Promotion of Private Investment through PPPs and Asset Projects is, punctually, in charge of the Vice Ministry of Economy, and no longer of the MEF in general.

In this regard, the economist Alonso Segura considered that the government has made a “mistake” by changing the PPP frameworks instead of making specific modifications to identified problems, as had been “sustained during the request for powers to Congress.”

“This is a clear sign that the current MEF authorities do not understand what the EESI requires to have an impact and, in a more general sense, that they do not understand the problem of public and public-private investment. Something that has historically paralyzed the system is when law after law is changed, ”the former Minister of Economy also sent.

It should be noted that the EESI carries out the accompaniment, monitoring, articulation and simplification in all phases of investment projects that are developed under the mechanisms regulated by Legislative Decree No. 1362, Legislative Decree that regulates the Promotion of Private Investment through Associations Public Private and Active Projects.

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