INVEST IN PERU
Peru is one of Latin America ’ s largest and fastest-growing economies . The latter its due in part to Peru having one of the most investment-friendly environments in Latin America , being ranked as second in the region in the World Bank ’ s 2018 “ Ease of Doing Business index ”.
Furthermore , our country has made progress in a series of regulations in order to become a member of the Organization for Economic Cooperation and Development ( OECD ) to strengthen its public policies . Recently , Peru joined two major OECD Conventions on Anti-Bribery and on Mutual Administrative Assistance in Tax Matters , which represent important steps towards fighting corruption and fostering greater transparency .
Private investment has led to growth and macroeconomic stability in Peru , becoming one of the pillars for the economic strengthening in the coming years . According to the Central Reserve Bank of Peru , private investment accounts for around 20 percent of Peruvian GDP , and was up by five percent in the first semester of 2018 compared to the previous year .
Many analysts concur that the main drivers behind Peru ’ s impressive economic growth are strong mining investment and dynamic domestic consumption .
Infrastructure projects – Reconstruction Plan
The Peruvian government wants to reduce its infrastructure gap , specially affected during 2017 because of the El Niño phenomenon , which is characterized by heavy rains , landslides and floods .
Peru established and entity called The Authority for Reconstruction with Changes ( RCC ), to lead and implement a comprehensive plan to replace , rebuild and construct quality public infrastructure affected by said phenomenon . The total reconstruction investment amounts to $ 8 billion — or one percent of GDP , of which the health , education , and housing sectors will receive most of the reconstruction funding and all sectors will have a disaster risk management focus .
The programme ’ s budget is divided into three main categories :
36 • Extraordinary and Plenipotentiary Diplomatist • Vol 6 • Issue 9 • September 2018 , Noida