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.

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