The Peruvian government approved today the Rules and Regulations for the implementation of the Framework for promoting private investment through Public Private Partnership (PPP) projects. This initiative, also known as Infrastructure for taxes (Obras por Impuestos), aims to foster private investment by facilitating the development of public infrastructure; public services and services related to these; applied research projects and / or technological innovation through the PPP mode.
According to the Rules and Regulations, the ministries within the respective Investment Committee will act as a one stop shop to replace the plurality of actors with which Proinversion had to interact in the process of structuring projects. This new process will improve the management and coordination within the Government.
The Rules and Regulations approved are expected to boost projects under the Infrastructure for Taxes program by facilitating the implementation of projects between the public and private sector, Since its conception in 2008, 181 projects have been financed for a total sum of 1.784 million soles under this scheme, helping to close the infrastructure gap in a decentralized manner. You can read the Rules and Regulations following this link (in Spanish only)
Through its Business Barometer , Deloitte Peru revealed that 60.6 % of entrepreneurs expect an improvement for their companies during 2016, 30.3 % expect no change , while only 9.1 % think that it will worsen.
Asked about the level of production in 2015, 41.9 % of participants said that it has not change over the previous year, 35.5 % affirmed that I has increase, whilst 22.6 % considered that it has actually declined. As for the near future, the results are more positive. Half of the respondents see an increase in their production levels within twelve months whereas 40.6 % said that they expect no change and 9.4 % believe that it will decrease.