Peruvian economy remains sound and continues to position itself as one of the most attractive Latin American investment destinations, Oxford Business Group (OBG) affirmed.
In its latest study "The Report: Peru 2017," OBG underlines the role of Peru's
mining output growth, as well as its relative —and virtually unmatched— economic stability, in facing coming challenges.
In this sense, OBG notes Peru's
mining, energy, health, transport,
tourism, among other sectors, offer interesting investment opportunities despite weakened positive growth prospects in the wake of recent "
Coastal El Niño" and
Lava Jato scandal shocks.
As for the Inca nation's investment attractiveness, the report highlights Peru's 39 Public-Private Partnership (PPP) projects for 2017 and 2018, valued at US$15 billion.
Mining outlook
As for the mining sector, OBG's publication warns about the impact of social and environmental conflicts in private investment, but reveals more promising medium-term prospects for medium-scale ventures for the 2017-2021 period.
Highlight projects in this group include
Quellaveco (Moquegua region), Minajusta and Marcona (Ica), Ollachea (Puno) and Toromocho (Junin).
In addition, OBG Americas Regional Editor Jaime Perez-Seoane de Zunzunegui referred to Michiquillay (2017), Colca and Jalaoca (2018) projects, which are "great news for the Andean country."
Perez-Seoane underscored Peru's mining performance in the last ten years.
"Despite the drop in mineral prices, Peru's performance has stayed considerably above the rest of the region in the last decade," he said.
The OBG editor also noted the Government's Reconstruction with Changes measures to rebuild infrastructure destroyed by the said Coastal El Niño event has "re-launched the interest of private investments."
Construction, new growth engine
Following devastating human and material loss caused by floods and landslides in the first months of the year, the Government has been forced into an ambitious US$9 billion+ reconstruction plan for the next 5 years.
In this sense, OBG Managing Editor
Oliver Cornock affirmed investments projected by Peru's public sphere will contribute to the said reconstruction process.
Similarly, he expressed hope that such investments would go hand-in-hand with private ones.
"Even if out of sheer necessity, the construction sector will be a wealth generator in the next five years," he concluded.
(END) NDP/JJN/DHT/MVB