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Latest News in Peru / Archive
Economy | 23 August, 2008 [ 13:28 ]
Private companies to invest over $100 billion in Peru
Living in Peru
Israel J. Ruiz
Cabinet Chief Jorge del Castillo affirmed that private investment in Peru would increase to over $100 billion by the end of Garcia's administration in 2011.
He affirmed this goal would be reached as a consequence of the economic growth the Andean nation is currently experiencing.
"We found in the country private investments around $51 billion and by 2011 we want to pass $100 billion, that is double the figure and at the pace we're going we will surpass the figure by far," assured the head of Mr. Garcia's cabinet.
In statements made on Friday evening, Del Castillo also explained that when Alan Garcia's administration had begun, public investments in Peru were below $10 billion.
He stated the goal was to reach $30 billion.
With new norms and regulations approved by the current presidential administration, informal employment has considerably gone down, affirmed Del Castillo.
He explained that up until now almost one million jobs had been created and another 1.5 million would be created by 2011.
Israel J. Ruiz
Cabinet Chief Jorge del Castillo affirmed that private investment in Peru would increase to over $100 billion by the end of Garcia's administration in 2011.He affirmed this goal would be reached as a consequence of the economic growth the Andean nation is currently experiencing.
"We found in the country private investments around $51 billion and by 2011 we want to pass $100 billion, that is double the figure and at the pace we're going we will surpass the figure by far," assured the head of Mr. Garcia's cabinet.
In statements made on Friday evening, Del Castillo also explained that when Alan Garcia's administration had begun, public investments in Peru were below $10 billion.
He stated the goal was to reach $30 billion.
With new norms and regulations approved by the current presidential administration, informal employment has considerably gone down, affirmed Del Castillo.
He explained that up until now almost one million jobs had been created and another 1.5 million would be created by 2011.
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