Andina

President Kuczynski's trip to increase Peru's real sector investment

Estadio Nacional, Via Expresa, Ministerio de Defensa,Javier Prado, Centro Financiero, Viviendas, Construcción, Campo de Marte, Trebol de Javier Prado, Miraflores Surco

18:30 | Lima, Jun. 6.

Central Reserve Bank (BCR) Governor Julio Velarde said President Kuczynski's trip to France and Spain will give Peru's real sector the chance to attract investments from the old continent.

"There are more real sector investors in France and Spain than in London [UK], where investors are financial, and hopefully, he [President Pedro Pablo Kuczynski] might attract a little bit of this key real investment," the official said.

A country's real sector is composed of different economic activities, including those of the primary and secondary sectors, as well as some of the tertiary one.

"For instance, Peru needs large construction companies, the best ones," the BCR head said during the event "Scopes and Expectations for Peru's Economic Recovery."

Velarde said Peru has awarded Italy-based Terna Plus the Aguaytia-Pucallpa power transmission concession as it had submitted a tender at an economically-attractive price.

The Central Reserve Bank official expects more companies of this kind to come in Peru.

It is worth noting the Peruvian Congress authorized President Kuczynski's trip to France to attend an Organisation for Economic Co-operation and Development (OECD) meeting, as well as a stop in Spain for an official visit. He will be overseas from June 6 to 14.

(END) MMG/JJN/RMB/MVB

Published: 6/6/2017