During his participation in CADE Executives 2025, the former Minister of Economy and director of Alpha Asesoría Estratégica, Luis Carranzapresented a diagnosis of the Peruvian economy and the structural challenges that the country must face to achieve development. His message was summed up in one sentence: “Mining takes us to the first world and agro-exports eliminates poverty.”
Carranza proposed building a “building of prosperity” supported by three floors: macroeconomic stability, market efficiency and development of strategic sectors. As he explained, the basis of progress is maintaining fiscal strength and controlling the growth of current spending. “Our first floor is solid, but it is cracking. We must return to the fiscal rule that limits current spending,” he stated.
At the second level he placed the challenges of state efficiency and infrastructure, sectors where regulatory obstacles persist, paralyzed works and a loss of legal security. “We have more than S/44,000 million in works stopped and 50 hospitals paralyzed. If we do not solve the problems of processes and meritocracy, we will not move forward,” he warned.
The former minister stressed the urgency of recovering institutionality and strengthening the presence of independent directors in public companies. “If we had had independent directors in Petroperú, as in the Central Bank, we would have saved S/20,000 million,” he noted.
Carranza identified two sectors with the capacity to boost growth and generate prosperity: mining and agro-exports. He explained that the country has a portfolio of US$64 billion in mining projects, the development of which would allow for the creation of jobs and the expansion of the cluster of mining suppliers from 4% to 8% of GDP. “Each job in mining generates fifteen jobs in suppliers. That is the path to the first world,” he stated.
Regarding agro-exports, he highlighted that Peru has managed to multiply its production twenty-fold in two decades, reaching more than US$11,000 million in exports. He maintained that the country could triple the cultivated area to 750,000 hectares and generate more than six million jobs in high Andean and peri-urban areas. “That is the key to eliminating poverty,” he said.
Finally, Carranza called for political decision and long-term vision to build a more prosperous country. “In CADE 2040 we should not be worried about the candidates, but rather celebrating that we eliminated poverty and achieved the promise of Peruvian life,” he concluded.
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