At the end of 2023, the Ministry of Housing, Construction and Sanitation (MVCS) made 71 calls to serve more than 14,200 families with the Housing Leasing Bonus for Emergencies (BAE) in 12 regions of the country. The subsidy of S/500 was granted to families who lost their homes due to the heavy rainfall of Cyclone […]
Tag: Cyclone Yaku
BCP: growing 2% in 2024 will not help reduce poverty
The Peruvian economy will close the year at -0.5% or -0.6% – its worst level in the last 25 years, not counting the pandemic – according to Carlos Prieto, manager of the BCP’s Economic Studies Area. The equation that explains the deterioration of GDP is known: social protests, El Niño Costero, Cyclone Yaku, inflation and […]
Congress proposes to deliver a bonus of S/500 to agricultural producers
Congresswoman Kelly Portalatino of Free Peru has proposed that the Ministry of Agrarian Development and Irrigation (Midagri) be authorized to deliver a bonus of S/500 in favor of farmers with cultivation areas of 0.5 hectares up to a maximum of 10. The objective is to reactivate the economy of agricultural producers and guarantee the 2023-2024 […]
Construction would fall 6.4% at the end of 2023
The construction sector would only recover towards the second quarter of 2024, as reference rates ease and 2023 closes with a modest growth of 6.4% leveraged by the completion of prevention works due to El Niño, Scotiabank said. According to the Canadian Capital Bank, the 9.6% drop in August and the 9% annualized contraction portend […]
Budget execution of the El Niño phenomenon does not even reach 16%
To address the climate emergency caused by the El Niño phenomenon (FEN), the Executive Branch has allocated a total of S/4,116 million distributed across the three levels of Government. However, less than two months before the end of 2023, Only S/650 million 304,145 have been executedwhich represents an advance of 15.8% of the allocated budget, […]
Crisis led to closing agricultural campaign in red
Last year, the Peruvian agricultural sector went through one of the most serious crises on record. A first trigger for this situation was the war between Russia and Ukraine, which exacerbated the fertilizer supply crisis, which had already been worsening due to the pandemic. Anaximandro Rojas, president of Conveagrodetails that this crisis hampered the regular […]
Compensations for El Niño would exceed US$600 million
Compensation for losses caused during the El Niño phenomenon (FEN) in 2017 amounted to US$600 million in insurance. Between this year and next, the amount could remain at similar levels or even increase, depending on the intensity of the weather event expected for 2023, according to Luis Enrique Matías, VP manager of Marsh McLennan. “If […]
Mincetur: Domestic tourism would grow 25% this year
Inbound tourism during 2023 would experience a growth of 10%. This would occur despite the challenges associated with social conflict and the climatic phenomena at the beginning of the year, according to Juan Carlos Mathews, head of the Ministry of Foreign Trade and Tourism (Mincetur). “Before the pandemic we registered receptive tourism between 4.3 million […]
Piura and Tumbes: between whales and mangroves there is a whole world to explore
At the beginning of 2023, northern regions such as Tumbes and Piura were the most affected by Cyclone Yaku and El Niño Costero. The increase in dengue cases and the plague of crickets that followed climatic events increased people’s fear of visiting these areas. However, at this time of year, both destinations have a unique […]
MEF: “Agricultural GDP fell 20% (in April), the biggest drop since we have records”
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, stated, during his presentation at the Budget Commission of the Congress of the Republic, that the economy in the second quarter of the year will be affected by two factors: the collapse of the agricultural sector due to climate change, and the absence […]