President Humala: Public-private investment totals US$ 20.4 billion over the last four years of his administration


After being awarded through the mechanisms called Public-Private Partnership and Tax for Works, the Chavimochic III, Olmos, and Majes Siguas projects will expand the country's agricultural land by about 150,000 hectares.

Speaking in an address to the Nation on the occasion of Peru’s Independence Day, President Ollanta Humala said that after four years of his term in office, the Government has awarded 28 investment projects totaling more than 20.4 billion dollars.

This is a record figure in terms of allocated investment and is higher than the ones reported during past governments, said the Head of State before the Peruvian Congress. The projects were awarded through the Public-Private Partnerships and Tax for Works mechanisms.

A country makes progress when all its sectors agree on common goals, said President Humala, noting that these mechanisms combine the efforts of public and private sectors to boost investment projects generating common benefits to the whole country.

Among the major works carried out through these mechanisms are the Metro Line 2, Longitudinal de la Sierra highway, Southern Peruvian Pipeline, Chinchero International Airport, Moyobamba-Iquitos Transmission Line and Associated Substations, and General San Martin Port Terminal in Pisco, among others.

Regarding the agricultural sector, with the Chavimochic III Stage, Olmos, and Majes Siguas irrigation systems under operation, Peru will expand its agricultural frontier by about 150,000 hectares of land.

The three irrigation megaprojects will require an investment of 1.6 billion dollars and will create jobs for about 200,000 families. A GDP growth driven by agricultural activities can be twice more effective in reducing poverty than other sectors, said the Head of State.

Therefore, he said, the Government has created the Irrigation Promotion Fund in Andean regions "Mi Riego" to significantly increase the regulated irrigation area in small plots in the highlands. Thanks to this fund, 200,000 families currently irrigate more than 250,000 improved hectares.

Lima, July 28th, 2015.

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Government promotes financial inclusion to bring people into the economic activity and financial system

After signing a supreme decree establishing the National Strategy for Financial Inclusion (ENIF), Peruvian President Ollanta Humala said that this initiative is further evidence that the government is working for the excluded sectors of the population, generating development opportunities and improving their quality of life.

Speaking from the city of Tarma, the Peruvian leader explained that, with this strategy, the beneficiaries of social programs like "Juntos" and "Pension 65" and the people who volunteer for military service can receive their payments via ATM or bank agents not only in big cities but also in the "Plataformas Itinerantes de Acción Social" (Traveling platforms of social action) and check their accounts on mobile phones.

"The social inclusion policy attacks inequality and we are now implementing financial inclusion, making banking services available to all our compatriots so they can save money and get access to savings accounts, and receive their payments through cards and not only cash,” he said.

These services will allow them to save, get loans to start or expand their businesses, have microinsurance to protect their families upon the occurrence of an accident preventing them from working or involving the loss of a relative, among others.

At the same time, the population will improve their economy effectively by having greater ability to sell their products and build trust in their customers.

Financial inclusion plays a key role in promoting the formalization and incorporation of the population into economic activity and the financial system.

"We come to bring good news, but also to be accountable for what we are doing. We found unacceptable situations in many places, so we decided to dedicate ourselves more to work and less to words. Therefore people will see that we have been working in rural electrification, sanitation, road infrastructure, education and health," he said.

President Humala emphasized that his "commitment to lead the reins of the country was doing so in the framework of a social inclusion policy." "This government encourages social policy. These are the policies that we want to leave the country," he noted, urging authorities and citizens to work thinking in the interests of the country.

Tarma, July 21st, 2015.

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President Humala: Government works for the neediest people

President Humala: Government works for the neediest peopleAfter cutting the ribbon for the Chagual bridge in La Libertad, the Head of State said that the government has earmarked over 4.4 billion soles for the development of that region.

In his speech at the inauguration of the Chagual bridge in Pataz, a province in northern La Libertad, Peruvian President Ollanta Humala said Monday that his government is working for the people who need it most.

The project, built over the Maranon River, benefits more than 78,000 people and required an investment of over 5.59 million soles.

"We must work for the people who need it most," said the president, adding that nationalism is working with common people, humbly but firmly, "without distracting us with the political noise. We are working for the people’s real agenda which includes education, bridges, roads, electricity, water and drainage, and helping our mayors and regional governors to achieve all the commitments".

The Head of State said the Chagual bridge adds to other eighteen works, which will improve the quality of life of the people of Pataz and Bolivar provinces and will link Andean populations of La Libertad with the coastal area of Trujillo.

President Humala noted that during the Decentralized Cabinet Meeting held in the province of Bolivar, the Executive earmarked more than 4.4 billion soles for the development of La Libertad. These funds have helped authorities build more highways, lay the fiber optic broadband and execute rural electrification programs.

The Peruvian leader added that these are works that increase connectivity in La Libertad and said the Nationalist government is working mostly in rural areas, in the provinces that require increased attention and assistance from the State.

President Humala added that the Government is making efforts to improve education in the country, highlighting that throughout Peru's Republican history, no government has invested more than 2.9% of Gross Domestic Product (GDP) in education.

He stressed that his Government is spending more than 3.5% of GDP on education, which allows to build high-performing schools that provide international baccalaureate diplomas. "We are bringing the International Baccalaureate to the common people in public schools," he said.

"Education is key, as fundamental as communication channels, such as internet. If we want to lift Pataz out of poverty, we need more than just natural resources and mining, we need education," he said.

La Libertad, July 20th, 2015.

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President Humala: "By the Bicentennial of our Independence, we aim to have a modern and united country with opportunities for everybody"

President Humala: The Head of State chaired a ceremony where he symbolically granted more than 342 million soles in funding for the implementation of road projects nationwide.

Peruvian President Ollanta Humala said Wednesday that the Government is working closely with the regional governors and mayors in order to have, by the Bicentennial of Peru's independence in 2021, a modern and united country offering opportunities for everybody.

In a ceremony held at the Government Palace in Lima, the Head of State symbolically granted over 342 million soles to regional authorities for the implementation of road projects across the country.

In his speech, President Humala noted that more than 77% of roads has been paved nationwide and the goal is to reach 85%. “When I began my term, only 53% of the roads was paved,” he said.

The Peruvian leader added that, during his administration, road construction has been increased by hundreds of kilometers, in order to bring government services to the people through roads.

"That's why we work closely with each of the regional governors, there is no time to quarrel. It's time to work and agree on what works we have to execute," he said in front of several regional authorities.

In addition, President Humala said that the Government has created the Pro Puentes program, which allows complement pathways, modernize or build bridges where are required.

The Head of State also mentioned the Huaros program, which transports people or cargo over the river. "Because where there is no bridge, people can use a Huaro to be transported".

President Humala added that the government promotes the fiber optic broadband backbone, which is granting concessions nationwide.

The Peruvian leader also noted that some regions such as Huancavelica has benefited from this great backbone which, he said, will come to each of the capitals of the provinces and districts.

"We all deserve a chance to communicate, either through a track, a bridge or Huaro, or via the Internet with speed and quality," he said.

"That is the modernity we are working on from the Central Government, together with regional governors and mayors we want to create a modern, articulated and united Peru where all the regions have opportunities," he said.

Lima, July 15th, 2015.

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President Humala launches work on the tourist esplanade in Yarinacocha lagoon in Pucallpa

President Humala launches work on the tourist esplanade in Yarinacocha lagoon in PucallpaMore than 92 million soles will be invested in the project, generating 2,765 jobs.

President Humala asked Congress to reflect on and make an actuarial and financial analysis on the discounts to bonus payments.

Peruvian President Ollanta Humala on Tuesday expressed his confidence that the Congress will reflect on the bill referred to the discount of the Independence Day and Christmas bonus payments and the contributions to EsSalud, which has been observed partially by the Executive branch.

The Head of State said he hoped the parliament will make an actuarial and finance analysis about what would entail making this measure permanent.

He said the Executive has observed the rule after evaluating a number of technical elements including the constitutionality of the proposal sent by Congress.

President Humala confirmed that the Executive's position is to exempt this year’s discounts to the bonus payments, because it has already made the budgetary provisions. He added that although this provision is important because it helps inject liquidity into the market, it is also important to ensure EsSalud has the necessary funds to improve the quality of its services.

The Head of State warned that cutting the funding of this entity could lead to a privatization in the future, something that the current government wants to avoid.

"We want to avoid that, in the future, someone will come up with the idea of privatizing EsSalud because a way of privatizing enterprises is suffocating public entities to close them. We believe that EsSalud deserves a chance," he said.

President Humala made this statement after participating in the launch of remodeling works on the tourist esplanade near the Yarinacocha lagoon in Pucallpa.

This work will require an investment of 93 million soles and will generate 2,765 jobs.

Lima, June 16th, 2015.

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