Peru: Finance Ministry creates multisectoral commission to boost public investment

Peru: Finance Ministry creates multisectoral commission to boost public investment
Photo: ANDINA/Archive

LIMA, Oct 9 (NNN-ANDINA) — The Ministry of Economy and Finance (MEF) has created a permanent multisectoral commission called “High-Level Commission to monitor and evaluate the progress of public, private, and public-private investment (Canseipp).”

According to Supreme Decree No. 236-2022-EF, the Commission aims to promote inter-sectoral coordination for timely decision-making, aimed at facilitating the effective implementation of public, private, and public-private investment in different sectors, according to their schedules.

The MEF said that the monitoring of investment shows opportunities to promote the implementation of public, private, and public-private investment by improving project management, promoting timely decision-making by authorities, optimizing coordination, among other things.

The aim is to reduce the effective time for the formal issuance of documents and overcome delays in achieving investment execution goals.

The ministry stated that this will help avoid postponement or stoppage of investment, which is especially relevant for the short term, when investment projections face an adverse external context.

In light of this situation —the MEF said— it is necessary to establish additional intergovernmental coordination mechanisms that promote aforementioned timely decision-making through the participation of Senior Management officials from different sectors and their attached entities. 

The Commission has the following functions:
a) Monitor the implementation of public, private, and public-private investment in different sectors, based on information collected and systematized by its Technical Secretariat.
b) Monitor the problems identified in the implementation of public, private, and public-private investment by different sectors, with the aim of ensuring timely action and adoption of measures to promote said implementation.
c) Propose corresponding actions aimed at meeting the investment budget execution goals.

The Commission is made up of the Prime Minister, who chairs it; the Minister of Economy and Finance; the Minister of Energy and Mines; the Minister of Agrarian Development and Irrigation; the Minister of Education; the Minister of Health; the Minister of Transportation and Communications; and the Minister of Housing, Construction, and Sanitation. — NNN-ANDINA

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