Recently, the Economy and Finance Minister Kurt Burneomet with representatives of the business associations to inform them about the objective of his management of generating the necessary conditions to promote the private investment.
“I think we can give clear signals in the very short term. It is important that we can unblock public investment and give it a greater boost, as this will also help give dynamism to private investment. Macroeconomic stability and the recovery of confidence are necessary conditions, although they are not sufficient. It is also required to put on separate strings the politics of the economy”, he indicated.
The general manager of ComexPeru, Jessica Lunawho participated in the meeting, indicated that he has observed in the new head of the MEF the intention of promoting private disbursement, but that “he will not be able to do anything alone.”
“The political climate, the acts of corruption, go against everything the new Minister of Economy wants”expressed the union representative.
He also reported that Kurt Burneo has not yet informed them of what will be included in the plan that he will present shortly for economic reactivation, but he pointed out that the official told them that he will summon them for the presentation.
Luna hopes that the plan will help put an end to populism not only from the Executive, but also from Congress “such as that project that seeks to reduce the IGV of the tourism sector and that will have a high fiscal cost” (ComexPerú estimates that with this project they will stop raise about S/500 million).
While, the president of the Peruvian Hydrocarbons Society (SPH), Felipe Cantuariaspointed out that, in order to generate trust and competitiveness, the government needs to follow this line and not just the MEF.
In the same way, he specified that the businessmen explained to the minister that there is concern about the two labor regulations (on unionization Y outsourcing) which harms job creation.
“There is a commitment from the private sector to work for the country. The minister mentioned to us that he has accepted the challenge because the president (Pedro Castillo) has given him the guarantee that he will have independence. As a hydrocarbon sector, we mentioned that it is necessary to improve the institutional framework”, he indicated.
Trade Adjustment
On the other hand, 58% of CEOs in Peru have adjusted or are adjusting their operations or supply chain, mainly to deal with geopolitical risk, revealed the EY “CEO Outlook” study.
“Geopolitical risk is becoming more relevant around the world. In Peru, companies are responding to this by giving priority to restructuring, adjusting or improving their operations before growing”, said the leading partner of Strategy and Transactions of EY Peru, Enrique Oliveros.
Fact
Yesterday, the board of the Central Reserve Bank (BCR) raised its reference interest rate from 6% to 6.5%, an action aimed at controlling inflation by making credit more expensive.
