Andina

Peru: New system to gradually unblock public investment projects

LIMA, PERÚ- FEBRERO 09.Ministro de Economía Alfredo Eduardo Thorne , participa en el  III Gore Ejecutivo ”Agenda de Acción” 2017, en el Centro de Convenciones. Foto Andina/Jhony Laurente.

LIMA, PERÚ- FEBRERO 09.Ministro de Economía Alfredo Eduardo Thorne , participa en el III Gore Ejecutivo ”Agenda de Acción” 2017, en el Centro de Convenciones. Foto Andina/Jhony Laurente.

11:06 | Lima, Feb. 10.

Peru's new system Invierte.pe (meaning 'invest') will contribute to the gradual unblocking of investment projects, Economy and Finance Minister Alfredo Thorne affirmed.

The government official referred to the upcoming release of Invierte.pe's regulation, to be approved next week.

"The regulation is ready. We had a first discussion in the Council of Ministers, and we expect to approve it next Wednesday, although we may do it before through a virtual session," Thorne said.
 
Remarks were made at the 3rd Executive Branch and Regional Governors Meeting (GORE) held in Lima.

In this respect, the Finance head underlined regional governments' and municipalities' interest in the new public investment platform.

"I think we are all looking forward to producing and developing projects with Invierte.pe," he observed.
 
Thorne also highlighted the gathering between the Executive Branch and regional governments, which further strengthens articulated efforts between both government levels. 
 
"We want this to be something permanent; we want an ongoing dialogue with regional governors, which allows us to maintain the investment and spending dynamics," he said. 
 
Lastly, the top official said the government expects to gradually unblock public investment projects through Invierte.pe, which has already started a follow up on halted ventures. 

"Close to 100 projects are being monitored very closely. In [Peru's] regions, assessments are underway to identify the hurdles and take actions accordingly," he concluded. 

(END) CNA/JJN/DHT/MVB


Published: 2/10/2017