The importance of public investment in construction to boost the economy is highlighted.

At the recent edition of the Business Breakfast of the Construction Sector "Political and Economic Perspectives 2024", organized by the Peruvian Chamber of Construction, important topics related to the country's economy and the need to boost public investment, especially in the construction sector, to lead national growth were addressed. The Minister of Economy and Finance, José Arista, emphasized the importance of public investment as a driver of development and pointed to construction as the key sector to achieve this objective. In the face of a scenario of weak economic growth and various political risks, including investor distrust and lack of clarity in the government's direction, Arista highlighted the need to promote private activity and resume large-scale projects to stimulate the economy. In this regard, the executive director of ProInversión, José Antonio Salardi, mentioned that efforts are being made to regain investors' trust to attract private capital for infrastructure and services. The awarding of 26 projects with a value close to $8 billion in public-private partnerships and associative projects is projected, which would represent a significant boost for the economy. In the panel dedicated to the impact of the political and economic situation on the housing sector in 2024, the importance of promoting new forms of financing by the State to encourage property purchases was highlighted. With a housing deficit affecting around 1,800,000 families in the country, the need to implement measures that facilitate access to housing for the population was emphasized. Economic projections for the construction sector are encouraging, with an expected growth of 5.7% that will directly benefit the sale of homes. Factors such as a favorable economic environment, lower mortgage interest rates, and stable prices will contribute to energizing the real estate market and meeting the existing demand in the country. In conclusion, public investment, with a special emphasis on construction, emerges as a fundamental piece to boost economic growth and overcome current challenges. Collaboration between the public and private sectors, as well as the implementation of policies that facilitate access to housing, will be key to strengthening the Peruvian economy in the current year.