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Ministry of Finances Aiming for Optimal Investment in 2018

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To achieve the optimal levels of investment the country needs, it is important to plan investment destined to works related to mining and infrastructure.

It is worth mentioning that in the public sector, investment will focus on reconstruction due to the impact “El Niño” had on Peruvian communities.

On the other hand, private investment will have a solid performance during this last quarter. Making them both good causes for a beneficial investment climate during this 2018.

Claudia Cooper, Minister of Finance, said that public investment in 2018 will also focus on the development of other parts of Peru such as Amazonas, Ica, Junín, Puno, Moquegua and Tacna. Projects planned for these areas surpass the US $315 million.

Also, the Michiquillay mining project in Cajamarca (US $ 1.950 million) and the port terminals of San Juan de Marcona in Chimbote (US $ 692 million) are also planned for this coming year.

Another relevant aspect that deserves to be mentioned is that investor expectations for  January are much more favorable than the previous months. Thus, for example, the number of investment announcements increased by 42.2% with respect to the same period in 2016.

Do you think 2018 is going to be a good year for investing in Peru? Are you planning to make any kind of investment in Peru?

(Source)
(Cover Photo Flickr)

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Aris Sandrea

A native of Zulia, Venezuela. Aris joins linvinginperu after moving to Lima to work as a content creator. Bachelor’s degree in accountancy and 2 years of experience as a professional article writer and community manager. Watching movies and series, reading books and riding the bicycle is some of his preferred activities. Passionate about the idea of traveling the world to learn more about other cultures.

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