The Minister of Economy and Finance of Peru, José Arista, indicated on Friday, June 14, that the country’s Gross Domestic Product (GDP) grew 4 % in April and May.

According to the official, the measures implemented by the government have contributed to economic reactivation.

“To get out of the recession that was experienced in 2023, the Ministry of Economy and Finance (MEF) is implementing measures to reactivate the economy, through the promotion of public and private investment, simplifying procedures and unblocking bottlenecks, thus generating confidence in investors,” said Arista.

These initiatives are aimed at “reactivating the economy and generating conditions for sustained growth at higher rates.”

He highlighted that in the first quarter of the year, they managed to emerge from a strong recession. The 4 % growth achieved in April and May consolidates “the growth goal of 3.1 % for 2024 and what we want is to enhance that, make our projections robust, so that we do not fall in the second semester. That is why we propose many measures that allow us to make this reactivation sustainable,” the minister stressed.

M.Pino

Source: americaeconomia

(Reference image source: Jhordy Rojas in Unsplash)

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La entrada Peru achieved economic growth of 4 % in April and May apareció primero en Bitfinance.

Nicolás Maduro, President of Venezuela, in the framework of the farewell ceremony for the ambassador of Saint Vincent and the Grenadines, Andreas Wickham, stressed that the Petrocaribe cooperation mechanism will be recovered with the purpose of helping all the countries of the Caribbean region.

He indicated: “Sooner rather than later we will recover Petrocaribe to support all the Caribbean countries, it will recover as part of the workers’ effort.”

As will be recalled, Petrocaribe is made up of Belize, Cuba, the Dominican Republic, Venezuela, Nicaragua, Antigua and Barbuda, Bahamas, Dominica, Grenada, Guyana, Jamaica, Suriname, Saint Lucia, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Honduras. and Haiti. Ecuador and Bolivia remain as observer members.

Nicolás Maduro ratified this Monday that all the Caribbean countries have the support and solidarity of Venezuela because, in his opinion, the limitations cannot be used as excuses to express solidarity. In his opinion, “the unitary path and the construction of a block of forces in the Latin American region must be defended.”

M.Rodríguez

Source: bancaynegocios.com

La entrada Venezuelan government promises to reactivate Petrocaribe apareció primero en Bitfinance.

OPEC, in its monthly report on the oil market, pointed out that, despite the evolution of the Covid-19 pandemic, the global economic reactivation continues and “will not reduce the oil demand forecast for 2021 and 2022″.

However, in the report, the organization admits that the development of the pandemic will be “the determining factor in the pace of recovery, with the possible appearance of new variants or mutations as a risk.”

OPEC analysts are reserved when referring to the “impact of the delta variant of the coronavirus”, whose effect has been felt in the last 2 months due to its expansion in important economies, although the average price of a barrel of OPEC crude was located at $ 73.53 for July, its highest value since October 2018, something the group attributes to “the solid fundamentals of the market.”

Global recovery

The oil organization, which controls 40% of world crude production, forecast “world growth by 0.1% in both 2021 (5.6%) and 2022 (4.2%)”, keeping unchanged the demand established for those periods.

According to the data issued in the report, demand for 2021 remains similar to that established for last month, with an annual increase of around 6 million barrels per day (mbd), up to 96.6 mbd. While for 2022 the forecast demand registers a small growth of another 3.3 mbd to a total of 99.9 mbd, to reach the levels prior to the Covid-19 pandemic.

However, the United States is asking OPEC to increase production and offer crude to the market, in order not to risk the recovery of the world economy, because with current prices “there is a risk of damaging the global recovery.”

The national security adviser, Jake Sullivan, stressed that, “although OPEC and its allies had recently agreed to increases in production, this increase did not compensate for the previous cuts.”

Information broadcast by the CNBC news channel highlights that the White House “has transmitted to Saudi Arabia, the United Arab Emirates and other members of the alliance that message that their plans are simply not enough, given the critical moment in the global recovery.”

M. Rodríguez

Source: bancaynegocios

La entrada OPEC: The development of the pandemic will determine the global economic recovery apareció primero en Bitfinance.

The Decentralized Stock Exchange of Venezuela (BDVE) operates with more than 3 thousand 700 participants, as announced by the vice-president of the institution, José Ignacio Guarino, who also stated that out of 25 million people who live in the Caribbean country, there are 50 thousand active investors among the different stock exchanges that operate in Venezuela.

Guarino assured that the work carried out by the institution aims to strengthen the “blockchain technology” in order to turn it into a “completely public and auditable tool.”

The businessman assured that in Venezuela “you can save, because there are shares and securities for all investment profiles” and with great potential that bets on the Caracas Stock Exchange, the Decentralized Stock Exchange and the Bicentennial Public Stock Exchange can serve of stimulus in the reactivation of the nation’s economy.

Guarino gave as an example the Apple company that is listed on the New York Stock Exchange and other markets and this “does not bother the issuer because it has more niches to sell its shares.“

From this scenario, the representative of the institution affirmed that BDVE is the correct way to stimulate the financial engine of Venezuela, because “it is the only mechanism where you match surplus agents with deficit agents” and where it also provides investors the opportunity to choose your transactions with bolivars, dollars or cryptocurrencies.

K.Villarroel

Source: bancaynegocios

La entrada Decentralized Stock Exchange of Venezuela operates with more than 3,000 participants apareció primero en Bitfinance.