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 […]
Tag: mef
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 […]
CCL: economy would grow only 2% due to slowdown in four sectors
The Institute of Economics and Business Development (IEDEP) of the Lima Chamber of Commerce (CCL) aligned itself with the other institutions and revised downward the growth of the Peruvian economy for 2023, from 2.4% to only 2%. This lower projection is supported by the meager performance of the Domestic Gross Product (GDP) during the first […]
Recognition bonus will be transferred from April 2024
After being approved by insistence two weeks ago in plenary session, the Congress of the Republic published Law No. 31729 yesterday to update the recognition bond after 20 years. Former members of National Pension System (SNP) that moved to the Private Pension System (SPP) since 2002 will now be able to request the transfer of […]
MEF asks “not to lose hope” despite lower estimates of GDP growth
In line with other international organizations and banking entities, the Ministry of Economy and Finance (MEF) cut its estimate of economic growth for this 2023 from 3.5% to 2.5%, explained by the negative impact that the conflicts have left and social and global phenomena during the first quarter of this year. According to Macroeconomic Projections […]
MEF: “Private investment collapsed in the first quarter as a result of social conflict”
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, affirmed that private investment collapsed in the first quarter of 2023 due to social conflict and the impact of rains and mudslides, during the presentation of the Projection Update Report macroeconomic 2023-2026. In this way it is observed that the investment falls by […]
World Bank: about 60% of households lack one or more basic services
Despite the notable contribution of Peruvian economic growth in reducing the poverty Over the last two decades, gaps in access to basic services such as water, internet, electricity and sanitation persist, according to the World Bank. With the pandemic, close to 60% of households do not have one or more of the essential services despite […]
Shipments of grapes and blueberries to Taiwan grow
By the end of 2022, exports from Peru to Taiwan reached US$484.5 million, an increase of 44.2% compared to last year. Among the sectors with the highest performance expectations is agriculturalwhich covers 9%, reaching US$39 million. Among the non-traditional products, fresh grapes stand out, which have totaled US$23 million. In addition, roasted coffee, quinoa, avocado, […]
Price of the dollar today in Peru: what is the exchange rate for this Monday, April 24
Know the price of the dollar today, Monday April 24. Check how much the exchange rate in the parallel market and in the main banks for the US currency. Price of the BCV dollar TODAY, Sunday April 23: official rate according to the Central Bank of Venezuela The price of the dollar today, Monday April […]
MEF cuts deadlines to execute 14 PPP projects for US$7,574 million: SIT Gas among them
In order to promote and facilitate the development of infrastructure projects that will be executed under the Public Private Partnership (PPP) modality, the Executive Power published the Legislative Decree No. 1550 which introduces improvements in the processes of analysis and evaluation of the budgetary capacity of these projects, aiming to expedite their development and execution. […]