The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, warned that business expectations for this month of October could not improve due to the recent statements of the President of the Republic Pedro Castillo, who this last Monday, October 25, urged Congress to work together on a law to nationalize or nationalize Camisea Gas .
During an event organized by the American Chamber of Commerce of Peru (AmCham Peru), the boss of the issuing entity explained that “they expected a strong recovery in business expectations for this month.”
“The August surveys were very negative, they improved in September and we expected that they (companies’ expectations) will improve strongly in October, but after yesterday’s announcement it may not be with the intensity we anticipate,” Velarde said in the forum. economic 2021 “Confidence for economic development: Managing change”.
Velarde also mentioned that, after recent meetings, he had noticed optimism among companies despite low growth for the following year and political situation.
“There was some spirit, although you may think that growth would be mediocre or that it should be better government. They understood that the situation would allow the investment to pay off. Hopefully that spirit does not disappear completely and we can have better prospects, “he added to AmCham.
As is known, the BCRP should carry out the survey of business expectations this week.
The latest survey presented in mid-September highlighted that, in 2022, the expectation of economic growth for our country would be 3.4% and that private investment will be 0% for the next year.
Days later, the agent Pedro Castillo He traveled to Mexico and the United States, where he pointed out that there would be no type of nationalization and invited investors to continue betting on Peru.
At the beginning of October, ministerial changes were made, with the departure of Prime Minister Guido Bellido, who had already addressed the Camisea issue in a proposal for negotiating the company’s over-earnings.
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