In its first day, inPeru's 12th Toronto-New York Road Show managed to convene more than 180 international investors interested in the Inca country, it was reported.
The national 40-strong business delegation touring said North American cities is led by Economy-Finance Minister Alfredo Thorne, Central Reserve Bank (BCR) Chairman Julio Velarde and inPeru President Francis Stenning.
Attracting investment
During a presentation titled "Preserving Sustained Growth and Macroeconomic Stability," Minister Thorne highlighted Peru has not fallen into recession, but rather expects sustained growth looking ahead.
"We maintain a
5% long-term growth rate led by the infrastructure sector," he projected.
In this sense, the economist referred to Works for Taxes, an income tax payment mode that allows companies to pay part of their tax bill by investing in public works.
Said investment-boosting mechanism "executed S/200 million (around US$60.9 million) last year and has already committed S/452 million (around US$137.7 million) in 2017."
In addition, Works for Taxes expects to reach S/1 billion (around US$304.69 million) by engaging new companies "to diversify and rid public reconstruction works of corruption."
On the other hand, representatives of Brookfield Infrastructure Group, Scotiabank Peru, Canadian Council for the Americas, as well as BCR Chairman Julio Velarde and Minister Thorne underlined Peru's positive investment climate and creditworthiness.
The delegation thus met with more than 180 Canadian
investors from a range of fields to promote Peru's infrastructure and mining investment opportunities.
"This year, we have 12 mining investment projects, which we expect to provide a major boost to the national economy," Minister Thorne indicated.
"We want to foster socially-responsible mining —like
Canada's— in Peru; hence the relevance of presenting these ventures in this city [Toronto]."
inPeru
inPeru is a Peruvian nonprofit association supported by the Peruvian government and founded by the main business organizations of the national market.
The association seeks to promote investment opportunities in the country and contribute to the development of Peruvian capital and financial markets.
Government bodies endorsing inPeru include the Ministries of Economy and Finance, Foreign Affairs, as well as Foreign Trade and Tourism.
Central Reserve Bank (BCR), Superintendence of Banking, Insurance and Private Pension Funds Administrators, Superintendence of Securities Market and the Private Investment Promotion Agency (ProInversion) also support the association.
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