The Minister of Economy and Finance, Kurt Burneo, He pointed out today that legal stability is a basic element to attract private investment, which is essential for economic growth.
“Private investment is essential for growth and in that order of ideas, a basic element for its attraction, in competition with other countries, is obviously legal stability”he pointed out today during the meeting of the Council of Ministers.
Likewise, he indicated that private investment is constituted as a fundamental factor to be able to grow economically.
“In simple terms, if we believe that economic activity improves its speed, then we need more clear signals to private investment, in the sense of unrestricted respect for what the regulations are, what should be, also what would come be the different elements that make up that regulation, laws, decrees, supreme resolutions, etc.”he explained.
He referred that when the international experience is observed, the successful cases of economic growth have implied favorable conditions for private investment.
“In order to attract investment, especially what is investment in physical plant, what is direct investment, rules of the game need to be established, first they are comparable and competitive with what other countries do,” Burneo maintained.
“But the most important thing is that the legal basis, the sustenance of the actions of economic agents is based on what is unrestricted respect for the law and obviously in that interim Peru competes as a financial center for direct investment, which is investment in production capacity competes with other countries”, he added.
Likewise, he stressed that a transversal element to attract investment is respect for the legislation in different countries of the world.
“Also, what I could also point out is the unrestricted respect for the regulations in any of its categories, that is a fundamental element that must be considered”he pointed out.
