The Executive Branch has closed ranks in favor of the economic benefits that the reversal of the oil lots VI and Z-2B of Talara through the private state company Petroperú. A recent calculation presented by Perupetro estimates savings that would reach up to 60% in the production of each barrel of crude oil, with prices […]
Tag: mef
AFP Withdrawal: Economy Commission set a start date for the debate on the release of funds
The Commission on Economy, Banking, Finance and Financial Intelligence of the Congress of the republic announced that the debate on the return of funds from the Pension Fund Administrators (AFP) will begin at the end of the parliamentary representation week, which is scheduled for September 25 to 29. That is, the discussion would begin in […]
Myperú Impulse: medium-sized companies will also be able to access loans with low interest rates
The Council of Ministers approved this Monday, September 18, the emergency decree that expands the credit program Myperú Impulse in S/2,000 million, so that now the state guarantee for loans to companies amounts to S/5,000 million, announced the Prime Minister, Alberto Otárola, at a press conference. Meanwhile, the head of the Ministry of Economy and […]
AFP Retirement 2023: how are the bills going and what is missing for an eventual release of funds?
With the aim of helping Peruvians face the impacts of rising prices for food and other essential products, various congressmen presented bills to authorize a seventh withdrawal from the AFP. However, these legislative initiatives have not been approved for subsequent debate in plenary session and were questioned by the Ministry of Economy and Finance.. Next, […]
Executive transfers more than S/58 million to promote national tourism
He Executive powerthrough the Supreme Decree No. 196-2023-EF, published this September 10 in A Peruvian manauthorized, via supplementary credit, the transfer of S/58 million 192,545 for the recovery and strengthening of tourism promotion and development actions in Peru. The item is destined for the Commission for the Promotion of Peru for Exports and Tourism (Promperú), […]
Footwear industry has only recovered 50%
One of the most lagging sectors after the pandemic and the onslaught of Cyclone Yaku is the footwear and leather industry, which has only been reactivated by less than 50%. At the national level, companies are working at 20% or 30% of their productive capacity, warned Vladimir de la Roca, president of the Chamber of […]
Tax revenues would fall 6.3% in 2023, predicts the MEF
The Government’s tax revenue at the end of 2023 would amount to S/206,492 million, which would imply a contraction of 6.3% in real terms compared to the previous year, according to the projections of the Ministry of Economy and Finance (MEF) in its Macroeconomic Framework Multiannual 2024-2027. This drop will occur despite the fact that […]
Pedro Chira: “There is a whole machinery to attack Petroperú in decisive moments”
Petroperú has preliminarily requested new contributions for S/5,573 million and the capitalization of its debt for US$750 million. Pedro Chira, president of the board of directors of the state company, clarifies that they seek to be honest with their accounts with the Government at the beginning of a new stage with their return to Talara, […]
MEF: “There is no room to capitalize Petroperú if we wanted to”
Recently, the Petroperú board agreed to request, through the Ministry of Energy and Mines (Minem), financial support in the event of a possible fuel shortage in the country due to factors such as El Niño. This order does not respond to the need to pay the start-up of the New Talara Refinerywhich is assumed with […]
Peruvian sol: why is it the most stable currency in Latin America?
In recent years, the Peruvian sol has proven to be the most stable currency compared to others in Latin America. While devaluations and fluctuations are recorded in the rest of the countries in the region, the sol maintains an appreciation against the dollar and a strengthening trend. What are the reasons for your good moment […]