The president Dina Boluarte and the Minister of Economy and Finance (MEF), Jose Aristahave reported that this year the economy Peru would grow just over 3%. For the former head of the MEF Carlos Oliva, this slow progress is a consequence of the lack of actions by the Executive to have better results in favor of the people.
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“Instead of looking for unreason due to a supposed impact of the Central Reserve Bank’s reference rate on the advancement of the economy, the Government must analyze itself and see that it is not making pro-growth policies,” he assured Perú21.
For Oliva, progress like the one expected does not allow Peru to return to pre-pandemic poverty figures in the short term. As recalled, in 2019, poverty hit 20.2% of people in the country, but in 2023 it will hit 29% of the population.
The former minister considered that growing at 3% does not allow for a large percentage reduction in labor informality that affects more than 70% of workers.
“Really boasting about 3% seems very mediocre to me. They are squandering fiscal resources, mortgaging future administrations with salary increases without asking for anything in return. It is a Government that is adrift and that is why we are not advancing more than we should,” he highlighted.
The former president of the Fiscal Council (CF) also pointed out that it is necessary for the Executive to promote private investment, which is the engine of the country’s growth. However, he pointed out that institutional weakness, the political crisis and the decisions made in Congress do not contribute to attracting investors.
There are also no good signs for private companies, as detailed, with blind support for the new Petroperú administration.
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