Central Reserve Bank (BCR) Governor Julio Velarde predicts Peru's public investment will rebound as of this month, after a 2.5% decline in May.
"We expect public investment will recover starting this month," the BCR head projected in his speech during the event "Scopes and Expectations for Peru's Economic Recovery."
Velarde underscored that
public investment in May was lower than that of the first four months of 2017 (7.5%).
"Even though public investment dropped in May, it did so to a lesser extent than in the first four months of the year," he stated.
He said the Government's efforts to boost public investment need to make an impact at some stage.
According to Economy and Finance Ministry (MEF), public investment amounted to US$149.9 million in the first five days of June.
At another time, Velarde disclosed he is revising public investment projections and exploring the possibility to transfer money from one ministry to another that executes resources allocated to public investment.
(END) RMB/MVB
Published: 6/7/2017