What is the current state of the Peruvian economy at the beginning of 2021, given the challenges of 2020?

The Peruvian economy has been experiencing a dynamic recovery since before the second lockdown in February 2021, which was not as strict as the first lockdown due to a balance between the economy and health. This recovery has been due to a huge monetary and fiscal injection into the economy, as well as the country’s dynamic and volatile nature with high levels of informality, which allows it to adapt quickly to changes. According to the IMF, it is likely that Peru will experience one of the strongest recoveries in the region.

What role does mining play in Peru’s economic recovery, according to you?

The mining sector is crucial for Peru’s economic recovery and macroeconomic stability as it generates resources and investment, which attract more investment. The mining sector is a fundamental basis for the country’s development, and it is not possible to think about fiscal consolidation and sustainable growth without it. This needs to be understood by our country’s authorities.

What steps can be taken to improve the climate for foreign investment in Peru?

Political stability and leadership need to be built around a common vision, and mining needs to be included in this vision. Once we have stable leadership and have decided which direction we want our country to go in, the right measures will come. On the economic side, it is necessary to continue promoting macroeconomic stability, commercial openness, and private investment as an engine for development.

Do you want to increase the participation of mining companies listing on the BVL?

The Lima Stock Exchange already has a strong participation from the mining sector, representing almost half of all its listed companies. However, the main challenge is the lack of liquidity, which is a problem derived from a change in the capital markets. More liquidity will attract more companies, and this is a role that we have to share with the whole financial system.

Can you tell us about Rumbo a PERUMIN 2021, a series of events announced by IIMP in February?

Rumbo a PERUMIN is a combination of virtual and physical events designed to discuss how to build a common vision for the mining sector and establish a minimum consensus. The objective is to make this event as decentralized and inclusive as possible, with hybrid events in the main mining regions of Peru, including Arequipa, Apurimac, and Cajamarca.