Given the request for capitalization of the state company, the Minister of Economy, Alex Contreras, assured that “they hope to reach a consensus.” Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Wednesday, January 10? What are the 3 labor modifications that will be applied […]
Tag: Ministry of Economy and Finance
Minister Alex Contreras recognizes the departure of his vice ministers: “Yes, we are going to make changes”
Within the framework of the installation of the Executive Board for the Development of Renewable Energies, The Minister of Economy and Finance, Alex Contreras, was consulted about his permanence as head of the Ministry of Economy and Finance (MEF) one day after presenting his resignation and surprised by pointing out that some changes will be […]
MEF on the new Industries Law: “It has to be rigorously evaluated”
Minister Alex Contreras pointed out that it is important to “generate tax incentives,” but these must translate into greater investment. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Tuesday, November 28? What is the new S/1 currency launched by the BCRP like and […]
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 […]
Early retirement of the AFPs is “disproportionate”, according to Minister Alex Contreras
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, considers that having 4 or 5 UITs of the individual funds of the AFPs, as proposed by the Congress of the Republic, is “disproportionate”. He stresses that no country in the world authorizes a similar measure, since that means leaving hundreds of people […]
Loan interest rates could fall due to BCRP cut
Since January 2023, the reference interest rate has been set at 7.75% by the Central Reserve Bank of Peru (BCRP), and until July, the entity specified that its decision did not imply the end of the cycle of increases. However, in August it was only noted that future rates will be subject to the evolution […]
Kurt Burneo: “The first impact of lower growth will be on employment”
In August, the Ministry of Economy and Finance (MEF) confirmed the downward bias that the GDP will have at the end of 2023, with indices that will be around 1.5%, although other agents place it between 0.8% and 2. 2%. The professor and former head of the branch Kurt Burneo points out that the monetary […]
GDP would have its lowest growth in 14 years this year
The projections of the Peruvian economic variation for this year have been in constant decline. It is now expected to range between 0.8% and 2.2%. After questions about his optimistic reading, the head of the Ministry of Economy and Finance (MEF)Alex Contreras, told La República that the GDP would close “more or less 1.5%”. The […]
Urban Together to reduce poverty: what does it consist of and when would it be implemented?
In our country there are more than 9 million Peruvians who are poor, according to the report of the National Institute of Statistics and Informatics. This figure, by 2022, represented an increase of 1.6 percentage points, that is, 628,000 more people in relation to the year 2021. In this sense, the Government seeks to reduce […]
Why the Selective Consumption Tax will not rise this year and what products are taxed with this tax?
He Minister of Economy and Finance (MEF), Alex Contreras, ruled out that during this 2023 there is a readjustment of the Selective Consumption Tax (ISC), as planned. Along these lines, he announced that the decision will be postponed until 2024, “depending on the circumstances.” “I think that one year is enough time for companies to […]