More than 10,000 retirees from the Pension Fund Administrators (AFP) receive less than S/500 as a pension. Even within this group, around 2,000 pensioners earn less than S/100, according to data from the Superintendency of Banking, Insurance and AFP (SBS). In addition, Some 12,000 retirees have a pension of between S/500 and S/600. These reduced […]
Tag: mef
MEF authorizes transfer of S/1,400 million for payment of judicial sentences
Item is intended for various specifications of the national government and regional governments. Of the total, S/1,200 million seek to finance the payment of judicial sentences in the Education sector. Banco de la Nación offers loans of almost S/100,000 with a promotional rate: how to access? Price of the dollar today in Peru: what is […]
MEF met with presidents of the World Bank and the Inter-American Development Bank
The Ministry of Economy and Finance (MEF) reported that the holder of said portfolio, Alex Contrerasmet this morning with the president of the world Bank (BM), Ajay Banga, and with the president of the Inter-American Development Bank (IDB), Ilan Goldfajn, to analyze the status of the projects that both international institutions are developing in Peru. […]
Congress: they propose “mirror” contributions for informal pension
The Work Commission and Social Security Congress recently approved a minority opinion for the reform of the pension system after its first initiative failed. In dialogue with La República, Sigrid Bazán, president of the group in question, pointed out that the text is similar to the one rejected by her colleagues previously, although some modifications […]
Peru reissues bonds in national currency after 3 years
This Wednesday, May 31, Peru carried out a successful debt operation in the international market, with a demand that doubled the supply, according to the Ministry of Economy and Finance (MEF). Using the terms of the Sustainable Bond Framework, the first issuance of a sustainable bond in local currency was made for S/9,185 million, equivalent […]
Workers of the Judiciary request remuneration leveling for CAS personnel
This Thursday, June 1, judicial servants from all over Peru will hold, starting at 6:00 pm, a vigil in front of the Palace of Justice, which will also happen simultaneously in the various judicial offices in the country. The workers will be carrying signs and candles, to demand that the President of the Judiciary, Dr. […]
Rescheduled loans fell to just 3% in March
Along with a greater dynamism of loans aimed at the consumer and mypes sectors, the Superintendence of Banking, Insurance and AFP (SBS) highlighted that, in March 2023, there was a significant reduction in the rescheduling of all types of credits compared to the same month of the previous year. Thus, the SBS Financial System Stability […]
Government delays start of collective bargaining
Union leaders in the public sector have denounced obstacles to the advancement of the Collective negotiation (law no. 31188). After presenting their order documents 7 months ago and install the Commission on May 10, even the Ministry of Economy and Finance (MEF) does not present the financial report with the fiscal space. This is required […]
S/5 million in IGV will be returned to foreign tourists
In order to promote receptive tourism, the Ministry of Economy and Finance (MEF) implemented, as part of the Con Punche Peru program, a measure that allows the return of the IGV to tourists from other countries. How does this system work? Interested companies —from the textile, goldsmith, footwear and jewelery sectors— must register with the […]
Construction would have fallen more than 10% in the first quarter
The construction it is the economic sector with the worst performance so far this year. In the first quarter, its production contracted 11.5%, according to the National Institute of Statistics and Information (INEI). Only in March it fell 12.4%, its lowest result since July 2020 (-12.8%). The negative trend would have continued in April, with […]