The Minister of Economy and Finance, José Arista, commented that although private investment would grow 2% this year, efforts are being made to encourage and boost it in 2025.

The Minister of Economy and Finance, José Arista, said today that China is showing greater interest in making new multi-sector investments in Peru.

"The Peruvian market is attractive, Chinese capital is basically interested in infrastructure, power generation, power transmission, mines, and other ports, and they are interested in bringing their technology to build bullet trains, among other things," he said yesterday on TvPerú.

There is a lot of interest from China in developing such infrastructure projects, the minister added.

Private investment

Arista commented that although private investment would grow by 2% this year, efforts are being made to encourage and boost it in 2025.

Processes for obtaining permits at all stages are being accelerated to speed up the implementation of mining projects.

He commented that some projects that would be pending approval would be Zafranal, San Gabriel, three large projects in Encañada in Cajamarca.

"If we can get these three or four projects into production, we will be closer to the dream of Peru becoming the world's leading copper producer," Arista said.

Informal mining

On the other hand, he commented that the Comprehensive Registry of Mining Formalization (Reinfo), which was extended for six months, was an initiative to formalize informal mining operations, since illegal mining cannot be formalized.

"The success was not as expected, so it is necessary to work on new mechanisms to increase the number of formal companies that pay their taxes," he said.

On the other hand, he commented that his absence from CADE 2024 was explained by the fact that November is a very complicated month for the sector because it is in the final stretch for the approval of the Budget for the following year.

"I informed the organizers in advance that I would not be able to attend," he said.