The Minister of Economy and Finance, Alex Contrerasannounced this morning that the Executive will launch With Punche Peru 2. This set of measures will be implemented in the second half of the year, between July and December. “It will have the same approach to reactivate the family economy, to reactivate the regions, to generate a […]
Tag: alex contreras
MEF hopes that Peru will be part of the OECD before 2026
The Minister of Economy and Finance, Alex Contrerasassured that Peru’s goal is to be a member of the Organization for Economic Cooperation and Development (OECD) before 2026. During his presentation before the Special Commission for Monitoring the Incorporation of Peru into the OECD (CESIP-OECD) of Congress, the head of the MEF said that the great […]
Mypes can receive up to S/90,000 at affordable rates
99% of the companies in Peru are micro and small (mypes) and, therefore, are elementary in the economy since they provide more than 80% of employment nationwide, according to the INEI. And, despite its importance, the mypes have insured on more than one occasion that in programs such as Reactiva Peru or the FAE have […]
With Punche Textil without a reactivating approach, according to the mypes
The Government of Dina Boluarte has once again created a program under the label of ‘With Punche’but this time, aimed at the textile industry. In short, there are three axes to help mypes in their —eternal— reactivation: productive and commercial impulse; access to financing and financial relief; and competitive strengthening and specialization. According to Raúl […]
MEF: Ruling of the Constitutional Court will allow to pay the debt to fonavistas
This Tuesday, May 2, the head of the Ministry of Economy and Finance (MEF)Alex Contreras, affirmed that now that the Constitutional Court (TC) has ruled on the amount of the debt owed to the ex-contributors to the National Housing Fund (Fonavi), it will be possible to proceed with the return of the money. “Since the […]
MEF: execution of public investment grew 16% in April
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, pointed out that S/10,659 million in public investment were executed from January to April, reaching a new historical record, 16% more than the previous year. It also implies an execution of 17.5% of the execution of the total budget for 2023, which amounts […]
MEF: “The prospects for the housing market in general are unfavorable”
The Ministry of Economy and Finance (MEF) recently updated its forecasts for the Peruvian economy and cut growth for this year to 2.5% from 3.5%. In addition, it revised downward several economic sectors, including the constructionof which it is expected to only grow 0.5% and no longer 2.3% as estimated in August 2022. With this […]
Optimism of the MEF is not felt in homes in the country
This past week, the Government, through the Ministry of Economy and Finance (MEF), reduced the estimated GDP growth for this year from 3.5% to 2.5%. Likewise, the private investment (a key indicator) would close, for the second consecutive year, with a fall of 0.5%. Despite this lower growth, Alex Contreras, head of the MEF, stressed […]
BCRP: average real income in Metropolitan Lima is 11% below 2019
During the first quarter of 2023, the average income in Metropolitan Lima was S/1,841, which meant a nominal increase of 7.3% compared to 2019 (S/1,716). However, in real terms -that is, adjusted for inflation- it is still 11% below the level pre-pandemicas revealed by the Central Reserve Bank of Peru (BCRP) in its study note […]
Fitch Ratings maintained Peru’s rating at ‘BBB’ with a negative outlook
Fitch Ratings decided maintain the BBB rating with a negative outlook for Peru. According to the international agency, credit risks remain high amid weakening governance, political stability and growth prospects, which will be challenging for the country. “Deep-entrenched governance challenges and growing political uncertainties will continue to impede reform and policy initiatives and undermine prospects […]