Tag: Waldo mendoza

MEF expects Majes-Siguas II to start during the second half of this year
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MEF expects Majes-Siguas II to start during the second half of this year

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Public investment continues to grow: What does growth in May tell us about the economic recovery?
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Public investment continues to grow: What does growth in May tell us about the economic recovery?

According to the criteria ofKnow moreIn the fifth month of this 2021, the execution of public investment continued showing more than favorable progress, and it seems that the expectation of the Minister of Economy, Waldo Mendoza, regarding this is the “golden bullet" from economic reactivation, it would be being fulfilled.Specific, public investment grew by 484% in May, after adding S / 2,966.6 million. The latter is also the highest execution figure so far this year.CHECK HERE: Proposals that require sustenance: what do economists think about Keiko Fujimori's economic plan?But here the rebound effect cannot be ignored compared to the same month last year, which was impacted by the strict quarantine and the complete restriction of economic activities: then, the national public investment ...
Law for the return of contributions to Fonavi would cost 50 times China’s GDP, warns the MEF
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Law for the return of contributions to Fonavi would cost 50 times China’s GDP, warns the MEF

The law approved by Congress on the return of contributions to Fonavi would cost the state S / 3,835 billion (S / 3,835′000,000′000,000), warned the Minister of Economy and Finance, Waldo Mendoza.According to the head of the MEF, this figure is equivalent to 50 times the current gross domestic product (GDP) of China. "That is what Congress has approved, and clearly it has to go to the Constitutional Court.", he pointed out in dialogue with RPP.He explained that Parliament has proposed that the contributions of the 80s and 90s be updated to the consumer price index (CPI), without taking into account the hyperinflation that the country suffered."We should pay S / 3,835 billion, equivalent to 50 times China's current GDP"Mendoza pointed out.The economist indicated that "The Executive was work...
And Who Will Control Congress ?, by Alek Brcic Bello
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And Who Will Control Congress ?, by Alek Brcic Bello

According to the criteria ofKnow moreOn Wednesday of last week, the Central Reserve Bank approved the methodology to calculate the interest rate maximum for credits granted by financial entities. In other words, he complied with a law passed by insisting on the Congress and against the technical opinion of the monetary authority, the SBS, the Ministry of Economy and almost all of the financial specialists consulted.The bank, of course, did not do so silently. In a statement he expressed his concern as the measure will exclude many people from the formal system and will affect 25% of the loans currently granted, mainly those provided by entities specialized in microfinance and for amounts less than S / 4,400. In addition, he reiterated that the law of Congress is not adequate for the ...
Withdrawal of AFP: MEF will suggest to the Executive to send the TC the new opinion of the Economy Commission
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Withdrawal of AFP: MEF will suggest to the Executive to send the TC the new opinion of the Economy Commission

Lima, April 30, 2021Updated on 04/30/2021 12:54 pmAccording to the criteria ofKnow moreThe Ministry of Economy and Finance (MEF) announced this Friday that it will recommend to the Government to file a lawsuit before the Constitutional Court (TC) against the law that authorizes the withdrawal of up to S / 17,600 from the funds of the pension fund administrators (AFP) that has been approved the day before from the Economic Commission of Congress.SIGHT: MEF maintains growth projection of the Peruvian economy at 10% for 2021“There is an article of the Constitution that clearly says that pension funds cannot be used for any other purpose than pensions, whether they are private or public funds. And why would we want to do that, because at some point we do not want these pension funds to go to ...