Peru's Private Investment Promotion Agency (ProInversion) toured United States cities of New York, Washington D.C. and Miami attracting new capitals to national Public-Private Partnership (PPP) processes.
Promotion activities began on March 5 in Toronto (Canada), where the Inca nation participated in the Prospectors & Developers Association of Canada (PDAC) 2017 Convention.
New York
On March 8-9, Quijandria carried out various activities joined by ProInversion’s Investor Services Director Carlos Herrera to promote the Inca nation as an investment destination.
These included work meetings with the Council of the Americas, as well as bilateral meetings with investment firms, banks and leading Asian enterprises seeking to venture into Peru's investment opportunities.
Washington D.C.
Last Friday, the ProInversion representative met with U.S. Chamber members in Washington D.C.
Quijandria also held meetings with the Inter-American Development Bank (IDB), the Inter-American Investment Corporation (IIC) and the World Bank Group (WBG) to coordinate the implementation of investment promotion cooperation programs.
Miami
On Monday, ProInversion Executive-Director Alvaro Quijandria took part in the 11th Annual Latin American Energy & Infrastructure Finance Forum, organized by IJ Global and Euromoney in South Beach (Miami).
At the event, Quijandria addressed the government's three-tier strategy to give a major boost to private infrastructure investments.
The first, a sweeping reform to Public-Private Partnerships' (PPPs) legal and institutional framework, which includes the restructuring of ProInversion.
Secondly, the assessment and alignment of the project portfolio: potential investments worth over US$14 billion in 2017-2018, plus new ventures being structured in the current administration.
And third, the strengthening of the regulatory and institutional framework to enhance integrity and transparency of processes thus eliminating spaces for corruption.
This is to be achieved by creating a department specialized in the subject within ProInversion, as well as adjusting agreements and processes underway to general anti-corruption measures set by the Peruvian government.
The aforementioned activities are part of ProInversion's overseas promotion strategy to strengthen Peru's image as investment destination and lure new stakeholders to PPP processes.
The tour was endorsed by the country's trade offices abroad (OCEXs) and by diplomatic missions.
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