In mid-February, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, announced that the agreed proposal of the Executive Power for the reform of the pension system would be presented in March, but, two days before the end of the month, They have not even submitted their evaluation of the current model. […]
Tag: mef
The Peruvian economy will stagnate at 3% until 2028, warns the IMF
He International Monetary Fund (IMF) highlighted the economic qualities of Peru that place it as one of the most solid markets in the region, they recalled from the Ministry of Economy and Finance (MEF). Through the Article IV Consultation, the IMF details that the main characteristics of the Peruvian economy are its low public debt, […]
AFP Retirement 2023: which of the 6 bills raises a higher disbursement for affiliates?
In the Economy Commission of the Congress they rest 6 bills that propose a seventh withdrawal of individual AFP funds. Are legislative initiatives keep thousands of contributors in suspense they want to see their saved money in their bank accounts. However, from the sidewalk Executive and of the Central Reserve Bank of Peru (BCRP) have […]
MEF: Economy would only have grown 0.5% in the first quarter
2023, to date, has been a year of great challenges for the Peruvian economy due to social conflicts and natural disasters. This scenario has changed the growth expectations for the country managed by the Ministry of Economy and Finance (MEF) for the first months of this year, according to the head of said portfolio, Alex […]
Budget Committee will vote on Wednesday MEF supplementary appropriations project
The head of the Ministry of Economy and Finance (MEF), Alex Contrerassupported this Monday, March 27, before the Congressional Budget Commission, the PBill of Law No. 4482/2022-PE, which proposes the approval of supplementary credits in favor of the MEF Contingency Reserve for S/8,232 million for the reactivation of the family, regional and sectoral economy, after […]
MEF: Peruvian economy would have grown only 0.5% in the first quarter due to rains and social conflict
2023, to date, has been a year of great challenges for the Peruvian economy due to social conflicts and natural disasters. This scenario has changed the growth expectations for the country managed by the Ministry of Economy and Finance (MEF) for the first months of this year, according to the holder of said portfolio, Alex […]
Safeguards for Chinese garments are not ruled out
The micro and small companies (mypes) of the country’s textile and clothing sector have been insistently requesting the Government to apply control measures in the face of the excessive presence of garments imported from China and Bangladesh that are offered at prices so low that the industry National cannot compete. Of every 10 garments on […]
BCRP reduced GDP growth to 2.6% and private investment would now fall 0.5%
Due to the economic impact of the protests and the intense rains caused by Cyclone Yaku, the Central Reserve Bank of Peru (BCRP) revised downward its macroeconomic projections for 2023. Thus, the monetary entity reduced from 2.9% to 2.6% the growth of the Gross Domestic Product (GDP) for the current year. This expected lower dynamism […]
With Punche Emergency: What are the main measures to deal with the crisis due to the rains?
The intense rains that affect the interior of the country as a consequence of Cyclone Yaku generated an economic cost of around S/1.3 billion (0.1% of GDP), mainly due to damage to bridges (S/674 million) and highways (S/ 332 million), according to the Ministry of Economy and Finance (MEF). Under this scenario, to face the […]
BCRP reduced its estimate of GDP growth from 2.9% to 2.6% for this 2023
The Central Reserve Bank of Peru (BCRP) reduced its projection of economic growth for 2023 from 2.9% to 2.6%. This lower performance of the Gross Domestic Product (GDP) would be explained by the impact of social conflicts and the rains recorded in the second week of March. However, by 2024 the national economy is expected […]