Peru economy minister announces stimulus measures amid recession

LIMA (Reuters) – Peru’s government on Thursday announced a set of more than two dozen new measures aimed at boosting investments in the Andean nation, which is undergoing a recession.

In a press conference, Economy Minister Alex Contreras said the package included measures aimed at attracting investments to Peru’s critical mining sector and boosting mining production.

Peru, the world’s no. 2 producer of , fell into a recession this year due to the El Nino weather phenomenon, lower private investment and lingering effects from earlier social conflicts.

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