There are 10 bills presented to Congress that point to a seventh AFP withdrawal and that, for the moment, are waiting to be ruled on in the Economy Commission. In this context, the Executive presented its pension reform project on Tuesday, June 20, in which it touches on specific points on the release of individual […]
Tag: Ministry of Economy and Finance
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
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
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 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
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
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
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
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
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 […]