LIMA, Nov 11 (NNN-ANDINA) — Peru’s Executive Branch announced the launch of the Plan Unidos (United Plan), with the aim of reviving the economy and providing a major boost to the country’s productive sectors within a context of recession.
Peruvian Economy and Finance Minister Alex Contreras announced that the following measures will be adopted: 1. A protection of the payment chain by increasing the amount allocated to the Impulso MyPeru (My Peru Boost) program from S/5 billion (about US$1.318 billion) to S/15 billion (about US$3.955 billion); 2. A fund for the recovery of the agricultural sector: 3. Agricultural financing of up to S/1 billion (about US$263 million) to mitigate El Niño phenomenon effects, and a support for small-scale farmers; 4. Incentives to invest in farming and agro-export sectors.
5. The implementation of water infrastructure megaprojects (Chavimochic, Iruro, Yanapujio, and Chinecas); 6. A shock to unlock mining, including 13 management and regulatory measures to boost the sector; 7. A boost to the petrochemical industry through an investment of US$1.5 billion for the production of fertilizers (urea) and explosives (ammonium nitrate); 8. The promotion of investment in renewable energy.
9. An increase of the Family Housing Allowance amount by S/200 million (about US$52.6 million); 10. The strengthening of the Mivivienda (Myhousing) Fund through securitization of the loan portfolio to expand timely financing options; 11. The creation of a Trust Fund for Social Housing; 12. A boost to the tourism sector through the relaunch of the Peru Brand, improvement in the management of Jorge Chavez International Airport, as well as public investment projects for prioritized tourist circuits such as Choquequirao, Ancash, and Iquitos.
13. A boost to the development of the Peruvian Amazon with an investment of S/1 billion (about US$263 million); 14. A boost to economic growth through the Callao-Ancon-Chancay port hub; 15. A recovery plan aimed at MSEs worth S/100 million (about US$26.3 million) using a credit recovery program for companies affected by the COVID-19 pandemic through the Mipyme Entrepreneur Fund; 16. One million school kits to boost purchases made to MSEs in 2024.
17. A maintenance plan of S/5 billion (about US$1.316 billion), of which S/900 million (about US$237 million) is allocated for road maintenance; 18. A temporary employment support of S/200 million (about US$52.6 million) through the Llamkasun Peru program; Educational credit programs; 19. A shock to simplify processes in private investment projects; Assistance in obtaining environmental impact assessments.
20. Unlocking of mining projects worth US$4.646 billion by 2025 and worth US$46.657 billion in the coming years; 21. Accelerated implementation of electrical infrastructure projects with an investment of US$1.584 billion in 2024; 22. A public private partnerships (PPPs) shock by awarding US$7.976 billion in projects in 2024 and US$6.755 billion between 2025 and 2026.
23 An improvement of land, air and internet connectivity nationwide with an investment of S/16.580 billion (about US$4.366 billion) and 24. Accelerated implementation of water and sewage infrastructure projects with an investment of S/5.392 billion (about US$1.420 billion) and S/4.185 billion (about US$1.102 billion) for agricultural infrastructure, as well as a boost to productive development with an investment of S/1.224 billion (about US$322.3 million) and the launch of the Services for Taxes mechanism. — NNN-ANDINA
