Thursday 25 April 2024

Peru unveils phase-two economic reopening despite ongoing pandemic

The International Monetary Fund approved a US$11 billion credit line for Peru as the nation’s economy endures a slump that may be the deepest in more than a century.

Paying the bills

Latest

What occurs once your nation operates on 99 percent renewable energy?

Q24N (The Verge) While most of the world still...

How relocating from the U.S. to Costa Rica’s ‘blue zone’ totally changed this family’s life forever

QCOSTARICA (CTV) When Kema Ward-Hopper and her then-fiance Nicholas...

UAE, Costa Rica Sign Trade Deal

QCOSTARICA -- The United Arab Emirates (UAE) and Costa...

Coffee or Chocolate? Why not both?

QCOSTARICA -San José is a city of surprises. Two...

Plastic bags are not going away (yet)

QCOSTARICA -- Different commercial and productive sectors in Costa...

Media outlets in Nicaragua not reporting news regarding Sheynnis Palacios

QCOSTARICA -- According to the Costa Rica based Fundación...

Can Microdose Mushrooms Boost Productivity? Find Out What Experts Are Saying

Microdosing involves taking a small, controlled amount—usually around 1/8...

Dollar Exchange

¢498.48 BUY

¢504.43 SELL

24 April 2024 - At The Banks - Source: BCCR

Paying the bills

Share

(Q24N) Peru’s President Martin Vizcarra on Thursday announced the second phrase of its economic reopening amid the country’s ongoing COVID-19 pandemic, which registered 4,284 new cases of infection in the past 24 hours.

Vizcarra made the announcement after the council of ministers approved his presidential decree calling for the restart of economic activity as the lockdown continues.

The new phase, which kicks off on Friday, aims to see at least 80 percent of the country’s economy resume operation. Currently, the economy is operating at 50 percent capacity, which Vizcarra said was “not enough to sustain 100 percent” of the country’s needs.

- Advertisement -

“We want to raise it to 100 percent and then even see growth on top of that,” said Vizcarra.

The areas slated to begin operating include small and medium-size mining enterprises, feed-making for animals, alcoholic beverages and tobacco products, footwear production, printing, and medical tools manufacturing and repair.

Also getting the green light are auto and motorcycle sale, and the sale of sporting equipment and domestic goods.

In the services sector, legal and accounting firms, architecture and engineering companies, research and development, veterinary shops, hotels, car rentals, and private security firms will be able to resume work.

According to Vizcarra, this phase will recover at least 500,000 jobs that went idle after lockdown.

Peru has reported a total of 183,198 cases of COVID-19 infection and 5,031 deaths from the disease.

- Advertisement -

“The minister of health says 76,228 patients or citizens who have had the virus have already recovered … that accounts for 42 percent, a very significant figure,” said Vizcarra.

- Advertisement -
Paying the bills
Q24N
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Rainy season leaves at least 59 dead in Peru

Q24N (AFP) Authorities in Peru have confirmed during the weekend that...

Hospitalizations due to Covid-19 increased slightly in the first week of February

QCOSTARICA - The Ministry of Health reported a slight increase in...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Discover more from Q COSTA RICA

Subscribe now to keep reading and get access to the full archive.

Continue reading