President-elect Pedro Pablo Kuczynski hopes next Congress will act reasonably and approve legislation needed to implement planned reforms, including the Regional Support Ministry.
Before Lima city's San Martin de Porres Municipality Councilors, Mr. Kuczynski said the central government must be brought closer to State-run institutions in contact with citizens.
"That is my commitment," he referred.
Thus, the soon-to-become Head of State reiterated his proposal to create a Ministry aimed at providing support to regional and subnational institutions.
The economist finally noted a private group has agreed to fund 500 police stations under the Works for Taxes modality.
Regional Support Ministry, according to Fitch
Erich Arispe, Director in Fitch's Sovereign Group, said the creation of a Regional Support Ministry will speed up investment and facilitate fight against poverty.
“An entity like this will channel public spending in better conditions and ease countercyclical measures; in addition, funds and government programs will achieve the expected economic impact,” he noted.
It will also facilitate the fight against poverty, mainly extreme poverty concentrated in rural areas.
The creation of a Regional Support Ministry will contribute to institutional strengthening at the subregional level.
(END) FHG/CCR/AVV/MVB
Published: 7/21/2016