Peru's president-elect Keiko Fujimori has presented a comprehensive economic agenda designed to attract between US$5 billion and US$7 billion in new investment annually.
The plan, unveiled on Tuesday, centers on deregulation and job creation as primary levers to stimulate growth in the Andean nation.
According to The Rio Times, the proposal includes the elimination of hundreds of bureaucratic regulations that have historically slowed business operations.
Fujimori's administration projects that these reforms will generate approximately 500,000 new jobs, addressing persistent unemployment concerns while signaling a pro-business shift in policy.
The emphasis on reducing red tape is particularly significant for Peru's mining and industrial sectors, which have long cited regulatory uncertainty as a barrier to expansion.
By targeting substantial foreign direct investment, the plan aims to stabilize capital flows and enhance the country's competitiveness in Latin America.