Peru: Approved measures injected US$1.17 billion into economy

Peru: Approved measures injected US$1.17 billion into economy
Photo: ANDINA/Presidency of the Council of Ministers of Peru

LIMA, Jan 7 (NNN-ANDINA) — Economy and Finance Minister Alex Contreras stressed that the measures approved in less than a month of President Dina Boluarte‘s government have allowed injecting around S/4.5 billion (about US$1.177 billion) into Peru’s economy.

He said that since the beginning of the current administration, the guideline issued by the Head of State and Prime Minister Alberto Otarola was clear —a rapid implementation plan was needed to help Peruvian economy recover from the deterioration it was experiencing.

“This deterioration was first associated with the systematic moderation of world growth, which was exacerbated by social conflict that had an impact of around S/1 billion (about US$261 million),” he explained during a press conference at the Government Palace in Lima following a session of the Council of Ministers.

In this context, the high-ranking official indicated that the Con Punche PeruPlan was born, with the aim of swiftly achieving economic recovery.

“(It is) A plan equivalent to S/5.9 billion (about US$1.544 billion) which is expected to generate 130,000 jobs; we are talking about 1.2 (percentage) points in terms of GDP,” he specified.

The economist explained that said plan has three central axes: the reactivation of the family economy, the reactivation of sectors affected by social conflict, and the reactivation of affected regions. — NNN-ANDINA

administrator

Related Articles