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Real GDP, 2004-2018*(%Variation)
Source: Central Reserve Bank of Peru (BCRP), International Monetary Fund (IMF)
• Estimated figures of BCRP (Inflation report as of March 2017), IMF (World Economic Outlook Database – April 2017)
PERU’S STRONG MACROECONOMIC CREDENTIALS
Real GDP – Forecasts for Latin America 2017(Annual Average Variation %)
Average GDP - 2000 - 2016(Average change in constant prices in dollars)
2.4 2.5 2.5
3.84.0
5.1
Argentina Mexico Brazil Chile Colombia Peru
2
-3.8
0.5
1.4
1.8
2.4
3.0
3.5
Venezuela
Brazil
Mexico
Chile
Colombia
Argentina
Peru
Public Debt– Latin America 2017*(% of GDP)
PERU’S STRONG MACROECONOMIC CREDENTIALS
CPI – Latin America 2006- 2016*(Annual Average Variation %)
3Source: Central Reserve Bank of Peru (BCRP), International Monetary Fund (IMF)
• Estimated figures of BCRP (Inflation report as of March 2017), IMF (World Economic Outlook Database – April 2017)
▪ Non discriminatory treatment: Foreign investors receive the same treatment as localinvestors.
▪ Unrestrictive access.
▪ Free movement of capital.
▪ Anti-trust framework and promotion of competition.
▪ Guarantees to Private Property.
▪ No restrictions to acquire equity from locals.
▪ Freedom to access internal and external credit.
▪ Access to international disputes settlement mechanism
▪ Peru participates in the Investment Committee of the Organization for Economic Co-operation and Development (OECD) – It promotes the implementation of theGuidelines for Multinational Enterprises.
STRONG FRAMEWORK FOR FOREIGN INVESTMENT
4
in the regional ranking of ease of doing business in Latin America
Continuous effort to facilitate
the establishment and
operation of business
Position Country
1 Mexico
2 Colombia
3 Peru
4 Chile
5 Panama
3rd
Source: World Bank Doing Business 2017
STRONG FRAMEWORK FOR FOREIGN INVESTMENT
5
Peru earned investment grade by practicing a responsible economic policy
Source: Standard & Poor`s, Fitch Ratings and Moody´s.
Updated as of February, 2017
Investment gradeLatin America benchmarking
Countries Moody's S&P Fitch
Chile Aa3 AA- A+
Peru A3 BBB+ BBB+Mexico A3 BBB+ BBB+
Colombia Baa2 BBB BBB
Uruguay Baa2 BBB BBB-
Paraguay Ba1 BB BB
Brazil Ba2 BB BB
Bolivia Ba3 BB BB-
Ecuador B3 B B
Argentina B3 B- B
Venezuela Caa3 CCC CCC
OPEN TRADE AND MARKET ACCESS POLICY
An open trade policy sustained over time
Evolution of nominal and effective tariff; and tariff dispersion 1993 – 2016 (*)
(*) AS of September 2016
Source:MEF
Notes:
1) Affective Tariff= (Amount of total revenue Ad valoren CIF / Total Amount of CIF Imports)*100.
2)Tariff Dispersion= Standard Deviation 6
Agreements in
force
Cuba
Canada
Chile Thailand
Venezuela
Costa Rica
European Union
Mexico
USA
Andrean Community
Panama
Singapore
Chin
a
South Korea
Japan
Honduras
Guatemala
Pacific Alliance
Chile
Brunei
New Zealand
Australi
a
Mexico
Vietnam
Canada
Malasya
SingaporeUSA
Japan
PeruEl
Salvador
TurkeyBrazil
India
Indonesia
Agreements
under
negotiationFeasibility
It is
expected to
have 27 free
trade
agreements
in force
involving 72
partners in
2025
Agreements to enter into
force
TP
P
Source: www.acuerdoscomerciales.gob.pe
OPEN TRADE AND MARKET ACCESS POLICY
Working to become a globalized economy,with preferential access to the world’s largest markets
7
38 projects
Estimated investment: near USD 20 billion
PROINVERSION PPP PORTFOLIO 2017-2018
38
Energy
Transport
Health
Telecom
Water
Mining
Real Estate
10
9
5
4
4
3
3
8
Lima-Callao Metro Line 3
Line 1 : in operation
Line 2 : under construction
Línea 3
Lima and Callao
▪ Purpose: Purpose: Line 3 (North- South axis)will be an approximately 38km length. Theproject shall consist in the concession ofdesign, financing, construction, provision ofelectromechanical equipment, acquisition ofrolling stock, operation, and maintenance.
▪ Competent Government Authority: Ministryof Transport and Communication
▪ Modality: Co-financed State Initiative
▪ Investment amount (w/o VAT): USD 5 600million
▪ Term: 30 years
▪ Areas of influence : Lima and Callao
▪ Estimated award date: 2018-2019
TO BE CALLED
9
Line of road ring
Lima and Callao
Peripheral Ring Road
▪ Purpose: To implement a highway of 33.2km in length, from Óvalo 200 millas toCircunvalación avenue.
▪ Competent Government Authority:Ministry of Transport and Construction
▪ Modality: Co-financed unsolicited proposal.
▪ Investment Amount (w/o VAT): USD 2047million.
▪ Term: 30 years
▪ Area of influence: Lima and Callao
▪ Estimated award date: 2018
UNDER EVALUATION
10
Southern Peru pipeline
▪ Purpose: The Project consists on the design,financing, construction, operation and maintenanceof the Southern Peru pipeline works.
▪ Competent Government Authority: Ministry ofEnergy and Mines
▪ Modality: Co-financed State Initiative.
▪ Investment Amount (w/o VAT): To be defined
▪ Term: To be defined
▪ Area of influence: Apurimac, Puno, Arequipa, Cusco,Moquegua and Tacna.
▪ Estimated award date: To be defined.
TO BE INCORPORATED
Malvinas
Chiquint
irca
Camisea
CUSCO
PUNO
AREQUI
PA
Mollendo MOQUE
GUA
TACNAIlo
Quillaba
mba
11
Mass use of Natural Gas for Center and Southern Peru
▪ Purpose: The Project consists on the design,financing, construction, operation, maintenance pfnatural gas distribution systems by pipe network inseven (7) center-southern regions of the country,and transference of these systems to the PeruvianGovernment after the concession period.
▪ Competent Government Authority: Ministry ofEnergy and Mines
▪ Modality: Self-financed State Initiative.
▪ Investment Amount (w/o VAT): USD 350 million
▪ Term: 32 years
▪ Area of influence: Ucayali, Junín, HuancavelicaAyacucho, Apurímac, Cusco and Puno
▪ Estimated award date: First half of 2018
CALLED
12
Main Works and Conduction of Drinking Water Supply for Lima
▪ Objective: Concession for the design, financing,construction, operation and maintenance of:Pomacocha and / or Huallacocha Bajo Dam Heightening(from 36.1 MMC to 90 MMC), two channels on thebanks of the Yauli River (Approx. 10 km), Huachipa IIWater Treatment Plant (5 m3 / s), two treated waterreservoirs (137 000 m), South Branch conductor pipes(Approx. 40.7 km), seven compensation reservoirs ( 49000 m3), and primary interconnection lines (Approx. 90Km).
▪ Competent Entity: Ministry of Housing, Constructionand Sanitation
▪ Modality: Self-financed State Initiative
▪ Investment Amount (w/o VAT): US $ 600 million
▪ Term : 30 years
▪ Areas of influence: Junín and Lima.
▪ Estimated award date : 2018 -2019
CALLED
13
Michiquillay Mining Project
▪ Purpose: Michiquillay is a copper andmolybdenum porphyritic deposit. Theestimated Resources exceed the 1 000millions of TM, with 0.63% of Cu and0.014% of Mo, for a production of 80Thousand TPD of ore.
▪ Competent Government Authority:Ministry of Energy and Mines.
▪ Modality: Self-financed State initiative
▪ Investment amount (w/o VAT): USD 1.950million.
▪ Area of influence: Cajamarca, District of LaEncañada, at 3 950 masl.
▪ Estimated award date: Second half of 2017
TO BE INCORPORATED
14