Peruvian President Ollanta Humala Tasso said Friday his government is boosting strongly public investments in an effort to raise the country's economic growth capacity.
In an interview with German broadcaster Deutsche Welle, the Peruvian leader said his administration has awarded large-scale infrastructure projects such as the construction of Lima Metro's Line 2 and the Talara refinery upgrade with the aim to boost public investments.
"The government is giving a strong boost to public investment, which currently is equivalent to almost 30 percent of the country's total investment," he said.
Likewise, the Peruvian President pointed out that his government has launched the National Plan for Productive Diversification aimed at reducing Peruvian economy's dependence on commodity prices.
He also noted that the country's macroeconomic soundness, the reduction of the external debt, the promotion of public investments and domestic demand, among other policies, will allow the Andean nation to tackle global economic slowdown.
Furthermore, Humala said that Peru focused on attracting responsible mining investments and providing greater opportunities for progress to more Peruvians through scholarships, in order to foster sustainable development in the country.
"Peru has a US$50bn mining investment portfolio and it is the third largest recipient of Foreign Direct Investment (FDI) in Latin America and the Carribean", he stressed.
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Published: 7/19/2014