Peru records roughly US$ 60 billion worth in investments annually across all market sectors, reflecting the confidence of domestic and foreign investors in the country’s sound economy.
Peruvian Economy and Finance Ministry (MEF) revealed the strong investment interest proves Peru remains as a nation with credibility among entrepreneurs worldwide and attractive location for companies.
“The Ollanta Humala administration have signed several 30-year concession contracts while the country sees inward investment projects value at US$ 60 billion,” said Luis Miguel Castilla, MEF’s top official.
Speaking to a nationwide audience on RRP radio, the minister stressed the red tape has been progressively reduced over the last year and a half, with the aim to facilitate the implementation of investments.
Regarding the slowdown in the Peruvian economy, Castilla denied claims of a serious downturn. “Peru's economic activity has recently stumbled recently because of lower commodity prices that have hurt mineral exports and private-sector investments,” he said.
"There is no crisis in the country, there is only a slow economic growth, but we are absolutely confident Peru will keep growing strongly," he added.
In addition, Castilla went on to point out the government needs to allocate more spending for the education sector in order to ensure Peru's sustained growth over the next two decades.
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