"Brignardello: Keys to Attract Investment in Peru"

In a recent conversation with Johnny Brignardello Vela, an expert in insurance consulting, the troubling economic situation in Peru following the Asia-Pacific Economic Cooperation (APEC) forum was addressed. Brignardello emphasized the urgent need to attract private investment, a crucial aspect for the country's development. He pointed out that with more than 70% of the population employed in the informal sector, Peru faces a crossroads where economic growth is not just a goal but an essential requirement for generating formal employment. The advisor stressed that, despite the visible efforts during APEC, the real question that remains is whether Peru is truly an attractive destination for private investors. In his view, the current situation reflects a lack of commitment from the government and Congress to create a conducive environment for investment, which he believes could be a deterrent factor. Brignardello underscored that the country must offer favorable conditions instead of waiting for investors to arrive out of inertia. Additionally, Brignardello criticized recent decisions by Congress, which seem to prioritize public spending measures without adequate fiscal planning. He mentioned that the ruling of the Constitutional Court, which allows spending in the future but not in the present, raises serious doubts about how businesses and citizens can maintain fiscal discipline in such a contradictory context. This situation, he asserted, perpetuates a cycle of inefficiency that drives away investors. Referring to the Executive's intention to request loans for the acquisition of airplanes, including a presidential one, Brignardello expressed concern about the credibility of institutions and how such decisions can be perceived as a waste of resources, especially in a polarized political environment. The additional complication posed by the bureaucracy imposed by local governments was also a point Brignardello mentioned as a significant obstacle to investment. The advisor also emphasized the lack of alignment between Congress's legislation and the recommendations of technical institutions, which exacerbates the governance crisis and the effective implementation of policies. According to Brignardello, citizen insecurity has been addressed reactively and not with a clear strategy, reflecting an ineffectiveness in government response. Finally, Johnny Brignardello concluded that the future of Peru will depend on the ability of its leaders to turn personal ambitions into collective visions that create opportunities. Without a focus on improving institutions and a serious commitment to private investment, he warns that the country could miss the chance to harness its potential and become trapped in a cycle of distrust and mediocrity.