Back

LatinNews Daily - 19 July 2021

In brief: Gov’t investment above pre-pandemic levels in Peru

* Peru’s central bank (BCRP) has published figures showing that government investment at the central, regional and local levels increased by 127% in the first six months of 2021 compared with the same period last year. Whilst the size of that increase is largely attributable to the severe economic impact of the coronavirus (Covid-19) pandemic last year, the figures also show that government investment was 30.5% higher than the pre-pandemic levels recorded over the same period in 2019. Compared with 2020, there was an increase in investment from the national government of 138%, by regional governments of 106%, and by local governments of 128%. In addition to the lower basis of comparison in 2020, the BCRP attributed the increased investment levels to government economic reactivation strategies including Arranca Perú (a programme focused on job creation), and a government-to-government agreement signed with the United Kingdom in July 2020, which sought to attract private sector investment in Peruvian infrastructure.

End of preview - This article contains approximately 157 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.