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Tag: Ministry of Economy and Finance

Minister Alex Contreras to investors in New York: “Whoever bets on Peru always wins in the long term”

Minister Alex Contreras to investors in New York: “Whoever bets on Peru always wins in the long term” Minister Alex Contreras to investors in New York: “Whoever bets on Peru always wins in the long term”

He Minister of Economy and FinanceAlex Contreras, together with the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, lead a public-private delegation in the city of NY (USA) with the objective of holding meetings with investors and authorities to expose them the macroeconomic strengths of Peru and various investment opportunities that the […]

Chancay: Megaport could postpone its delivery until 2025

Chancay: Megaport could postpone its delivery until 2025 Chancay: Megaport could postpone its delivery until 2025

The collapse of one of the central structures of the Chancay megaport has put the entire national logistics and commercial transport chain on alert about a project that has even multiplied the value of agricultural land in Huaral. The investment of the megaport in its first stage amounts to US$1,213 million (not including IGV), while […]

MEF hopes that Peru will be part of the OECD before 2026

MEF hopes that Peru will be part of the OECD before 2026 MEF hopes that Peru will be part of the OECD before 2026

The Minister of Economy and Finance, Alex Contrerasassured that Peru’s goal is to be a member of the Organization for Economic Cooperation and Development (OECD) before 2026. During his presentation before the Special Commission for Monitoring the Incorporation of Peru into the OECD (CESIP-OECD) of Congress, the head of the MEF said that the great […]

Fitch Ratings maintained Peru’s rating at ‘BBB’ with a negative outlook

Fitch Ratings maintained Peru’s rating at ‘BBB’ with a negative outlook 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 […]

MEF asks “not to lose hope” despite lower estimates of GDP growth

MEF asks “not to lose hope” despite lower estimates of GDP growth 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 […]

The economy will grow less than 1% in February, forecasts the MEF

The economy will grow less than 1% in February, forecasts the MEF The economy will grow less than 1% in February, forecasts the MEF

During January the Peruvian economy fell 1.12%, mainly affected by the sociopolitical crisis since the arrival of Dina Boluarte to the government. Despite the climate emergency caused by Cyclone Yaku, the Ministry of Economy and Finance (MEF) assures that the impact will not be so pronounced. Alex Contrerashead of the MEF, anticipated that in February […]

Executive would present 2 pension reform proposals

Executive would present 2 pension reform proposals Executive would present 2 pension reform proposals

The pension system reform it has returned to the public agenda and both the Congress of the Republic and the Government are summoning the various actors to refine their proposal. However, the Executive Power would plan to present two initiatives, one would be in charge of the Ministry of Economy and Finance (MEF) and the […]

MEF: Ruling of the Constitutional Court benefits large evading companies

MEF: Ruling of the Constitutional Court benefits large evading companies MEF: Ruling of the Constitutional Court benefits large evading companies

Blow to the treasury Sunat and the Fiscal Council have also questioned the sentence that ignores the millionaire accumulated interest. According to the Ministry of Economy, more than S/27,000 million of disputed tax debt belongs to big industry. The sentence of Constitutional Court (TC) that retroactively prohibits the application of default interest once the legal […]

Government seeks to reactivate tourism with an injection of S/500 million

Government seeks to reactivate tourism with an injection of S/500 million Government seeks to reactivate tourism with an injection of S/500 million

With Punche Tourism. Executive presented the measures to promote this activity hit by social conflicts. They project that the sector will record income of US$3,337 million this year. The tourism sector has been one of the hardest hit after more than two months of internal conflict, especially in the southern regions of the country. For […]

MEF: execution of public investment reached S/903 million, a growth of 9.9%

MEF: execution of public investment reached S/903 million, a growth of 9.9% MEF: execution of public investment reached S/903 million, a growth of 9.9%

The National Government recorded the greatest advance. While the public investment of regional and local governments registered a fall of 38.5% and 57.5%, respectively. During January of this year, the execution of the public investment it reached S/903 million, which represents a growth of 9.9% compared to the same month of 2022, in which S/822 […]