Peru to relax environmental rules to spur economic growth -govt
Peru to relax environmental rules to spur economic growth -govt
LIMA, June 12 Thu Jun 12, 2014 9:25pm EDT
(Reuters) - Peru plans to apply fewer environmental fines and ensure development rights in protected nature reserves as part of a bid to encourage mining and energy investments, the government said on Thursday.
President Ollanta Humala said late on Wednesday that he was sending Congress a series of proposals designed to perk up relatively sluggish economic growth.
The finance ministry said the package would add at least 1.5 to 3 percentage points to economic growth in two or three years.
Besides continuing an effort to cut red tape and speed up investments, the changes include encouraging energy projects by protecting concession rights in places like nature reserves.
More:
http://www.reuters.com/article/2014/06/13/peru-economy-environment-idUSL2N0OT26D20140613?rpc=401&feedType=RSS&feedName=bondsNews&rpc=401
