Construction: Capeco considers that the MEF plan will not be enough

Construction: Capeco considers that the MEF plan will not be enough

The plan from the Ministry of Economy and Finance (MEF) will not be enough to reactivate the economy. That was the perspective of the Peruvian Chamber of Construction (Capeco), which although it considered that the plan has sensible measures, it would take more than that to achieve the task.

The union’s executive director, Guido Valdivia, pointed out that there are aspects that need to be corrected so that the MEF proposal has results. One of these is public management, as well as and collective bargaining.

Likewise, he stated that it is difficult for the economy and politics to go their separate ways, as the head of the MEF, Kurt Burneo, has stated.

Meanwhile, the President of Capeco, Jorge Zapataexplained that what is needed is political stability and qualified officials in the State.

In this regard, he explained that in 2016 the investment in works for taxes exceeded S/1,000 million and that this year it could reach S/400 million or S/500 million. This, he pointed out, will not change with the modifications that the MEF recently made to the mechanism.

On the other hand, the union indicated that the perspectives of the businessmen of the sector and of the main consultants contemplate that the sector falls between 0.9% and 2.9% this year.


-Capeco questioned that 43% of state works are developed under direct administration because this can generate corruption.

-The sale of homes in the second quarter in Metropolitan Lima fell 25.6%. Mortgage loans decreased 0.3% between August 2021 and July 2022.

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