(Lima) The Peruvian Minister of Economy said Thursday that the government will invest some 155 billion dollars to revive the economic growth of the country, affected by repeated political crises.
“The cost of the program we are implementing is 5.9 billion soles (about C$210 billion). We want to continue to support the rapid recovery of our economy,” Alex Contreras told reporters.
The plan, comprising 19 measures, provides for the creation of 130,000 jobs and should, according to the government, enable growth of 1.2% in the first half of 2023.
The Minister of Economy and Finance expects Peru’s economic growth to increase to 3.9% next year.
On December 7, former President Pedro Castillo unsuccessfully attempted to stage a coup, which ended in his removal and imprisonment. He was replaced by his vice-president, Dina Boluarte.
These events were followed by violent pro-Castillo demonstrations, particularly in the rural south of the country. These were forcefully repressed by the police, leaving 22 dead and more than 600 injured.
The demonstrations, which demanded the release of Mr. Castillo, the resignation of Mr.me Boluarte and the holding of early elections, led to the closure of roads and some airports and paralyzed commercial and tourist activities in the country.
According to Minister Contreras, Peru has lost 1 billion soles (C$358 million) since the protests began.