Five new measures announced by MEF for economic recovery | Economy | Management | economy

A few days after publication Multiannual Macroeconomic Framework (MMM) And this General Budget 2024Head of the Ministry of Economy and Finance (MEF), Alex Contreras, last Friday afternoon announced a set of measures aimed at strengthening micro and small businesses and financial inclusion.

“We need some additional measures”Minister Contreras said. What are those measures?

1. Strengthening Banco de la Nación’s stake in S/ 400 million. “We propose a capital increase from Banco de la Nación’s own profits, with the aim of continuing to advance the issues of financial inclusion, especially for the most vulnerable segments, to improve financial services for users”Contreras said.

2. Double the financial lines for PROMYPEs to S/ 2,500 million. This is an increase in the sanctioned amount of the Special Scheme to Support PROMYPE to Continue Access to Credit by Microfinance Institutions (Municipal, Rural and Financial Funds). “This will be key to the recovery process of small businesses in this second semester.”Contreras added.

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3. Creation of Inclusive Fund for Rural Enterprise Development (FIDER) Up to S/ 50 million. It was announced that the scheme seeks to promote financial inclusion, entrepreneurship and business development of rural people through training and technical assistance on financial and productive issues within the framework of the National Financial Inclusion Policy. This will benefit more than 50,000 people in rural areas of the country, according to a document released by the Ministry of Economy and Finance (MEF).

4. Strengthening and development of CRECER fund. The transfer of S/ 180 million will be carried out to expand the operations of the fund (loans and guarantees). In addition, COOPACs seek to expand the offer of operators by including companies. factorization and financial leasing; Includes options to refinance and consolidate or purchase loans. It seeks to benefit at least 90,000 MSMEs across the country MEF.

5. An additional S/1,000 million expansion to the Impulso Myperú project. “We had announced that it was going to grow to S/4,000 million, now it will be S/5,000 because there is significant demand”Contreras maintains.

Additional indicators

The minister also announced MEF Projecting private investment to reach the figure of 52 billion US dollars In 2023. “Actually, a fall is expected, but we are seeing a recovery. Private investment in infrastructure is growing at double digits. More and more Public Private Partnership (PPP) projects are being offered.”Exemplifies Contreras.

Inflation data for August stood out, at 5.58%, “the lowest rate since September 2021,” he added.

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He also highlighted the performance of public investment accumulated till August. “It has reached an overall record of USD 25 billion. There was a significant decline in the previous month, but we expect it to continue to recover.“said Contreras. He highlighted the executive positions of the Presidency of the Council of Ministers (PCM), the Ministry of Energy and Mines (MINEM), the Ministry of Defense and the Ministry of Labor and Employment Development (MTPE); as well as the regional governments of Junin, Ayacucho, Arequipa, Aburimac and Tambes. .