“I give you an off-the-record scoop: I am submitting my resignation at this time.. Petroperu and lack of transparency in some decisions. Yesterday was a complicated CdM (Council of Ministers),” read the WhatsApp message sent by the Minister of Economy and Finance, Alex Contreras, to La República. The official’s words, sent minutes before 8:30 am, […]
Tag: alex contreras
Alex Contreras presented his resignation to the Ministry of Economy and Finance
After just over a year in office, the head of the MEF is leaving the Otárola cabinet alleging “lack of transparency.” The day before, Dina Boluarte met with former ministers Luis Carranza and José Arista. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Thursday, […]
Private investment will grow 2% in 2024, according to the MEF
After dragging on for 2 consecutive negative years, Minister Alex Contreras predicts a favorable result for the main engine of economic growth. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Sunday, December 31? Public workers will have an increase of S/50 starting in January […]
Executive Branch proposes that there are only two tax regimes
Initiative that will be sent to Congress establishes simplified regulations for MSEs and another for other companies. The aim is to provide incentives for the growth and hiring of personnel, according to the MEF. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Thursday, December […]
Alex Contreras: “This 2023 has been one of the worst years due to the presence of several shocks”
The head of the Ministry of Economy and Finance (MEF), Alex Contreraspointed out that 2023 has been especially adverse for the Peruvian economy, marked by negative impacts on GDP. “The consensus is a contraction of minus 0.5% by the end of 2023, it is also the last number that the BCRP has given. This has […]
MEF insists that the economy will grow 3% in 2024
While the worst economic year in more than two decades – not counting the pandemic – is dying, by 2024 the Ministry of Economy and Finance (MEF) continues to see the glass half full and insists that GDP will reach 3% in the next 12 months. The Executive’s reading coincides with that of the Central […]
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.” Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Tuesday, December 26? Consult Infocorp for free: 3 steps to find out with your ID in which […]
MEF: the economy will only grow strongly in the second half of 2024
Looking ahead to 2024, the Minister of Economy and Finance (MEF), Alex Contrerasmaintains its growth projection despite the threat of the El Niño Phenomenon: a GDP of 3%. Contreras recognizes that they coincide with the estimates of the Central Reserve Bank of Peru (BCRP), and after the productive contraction of this 2023, he assured that […]
Mining investment drags a drop of -13.5% in 2023
Mining investment accumulated in the tenth month of the year again recorded a drop and fell -13.5% compared to the same period in 2022, according to the Mining Statistical Bulletin (BEM) prepared by the Ministry of Energy and Mines (Minem). Thus, between January and October 2023, investments in the sector did not exceed US$3,591 millioncompared […]
Fiscal Council: it is highly probable that the MEF will not comply with fiscal rules
He Fiscal Council He pointed out that both for this year and for 2024 there is “a high probability” that the Ministry of Economy and Finance (MEF) will not comply with the fiscal rule. It should be noted that the fiscal deficit has a limit of 2.4% of GDP, but as of November, the CF […]