Profitability In Peru Will Attract Investors

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Peru can attract the investments of the Private Pension Fund Administrators (AFP) of the Pacific Alliance for infrastructure projects, assured the president of El Dorado Investments, Melvin Escudero to El Peruano.

He also specified that these entities handle a portfolio of close to $500 billion dollars. In addition, Escudero said that since Peru assumed the pro tempore presidency of the Pacific Alliance the country will be able to concretize the mechanisms of financial integration that would allow AFPs to mobilize capital more easily within the group.

“These actions would allow the AFPs of the four countries to also invest in infrastructure projects in Peru,” he said in the program “Mirada Económica de Andina Canal Online”, according to El Peruano.

“On the other hand, Escudero said that these capitals can serve to develop the reconstruction of infrastructure damaged by the latest phenomenon of El Niño Costero”, informed the aforementioned media.

In this regard, he highlighted the announcement by President Martín Vizcarra, during his message of Fiestas Patrias, to accelerate the reconstruction process.

(Source)
(Cover Photo Pxhere)

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Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.