Thursday, January 26, 2017

Thorne: Peru will grow by a point less this year due to the effect Odebrecht – RPP News

The minister of Economy, Alfredo Thorne, reported that the peruvian economy would grow this year only 3.8%, one percentage point less than expected by the effect of the corruption scandal of Odebrecht, which includes not only the cancellation of the contract of concession of a gas Pipeline South of Peru (GSP).

"we Should grow to a point below the 4.8% that we expected," he said at a press conference after the last session of the Council of Ministers. It also found that the effect of Odebrecht will have a negative impact on the growth of Peru in 2017, between half a point or one percentage point.

Response to the fall. to compensate For this lower growth due to the interruption of the construction works of the gas Pipeline South, the minister announced that, before the 31st of march, the MEF will be a transfer of S/ 5,000 million to the regional governments.

Alfredo Thorne also authorized a transfer for S/ 3,900 million to the municipalities is for the completion of investment projects that had already started.

Beats investment. in Addition, the minister of Economy said that this Thursday will be announced the co-financed projects, amounting to close to 22,500 million dollars. Of them, the 2017 will add 3,000 and 5,500 million this year. “Our commitment is to make sure that these three elements generate a shock of investment and as well to palliate the effects of the gas Pipeline South of Peru".

he Argued that if the ministers achieved a performance level of 80% of their projects, “this would mean an increase of public investment of 15%, and this is just one of the ingredients to compensate for the effect of the gas Pipeline of the South, which is very short term.”

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