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Peru’s New Finance Minister to Focus on Public Investment

  • In interview, Burneo said private investment must be fortified
  • New appointment comes at low between president and congress

In his first week as Peru’s finance minister, Kurt Burneo plans to visit the central bank board and the head of congress with a basic message: Public investment must be increased to stimulate private activity.

“If the government doesn’t stimulate public investment, then we are reducing the possibilities for private investment to become more dynamic,” Burneo said in a wide-ranging interview on Sunday in Lima. “The recovery of public investment will allow fiscal policy to stop being contractive, as it has been up to now.”