Peru: government announces package to boost employment

On 13 September, Peru’s Minister of Economy and Finance Kurt Burneo met with representatives from private sector business and labour associations to present the government’s Plan Impulso Perú, the goal of which is to restart the country’s economic growth and boost employment. Among the attendees were the National Confederation of Private Entrepreneurial Institutions (Confiep), the National Industrial Society (SNI), the Association of Exporters (ADEX), the National Confederation of Workers of Peru (CTE) and the General Confederation of Workers of Peru (CGTP). Thirty-five measures were unveiled, aimed at supporting, in particular, certain segments of the economy such as small and medium-sized enterprises and certain other employment-generating sectors. A series of initiatives were announced as ‘imminent’ to stimulate the mining, naval, hydrocarbon, fishing, wood, agro-industry and tourism industries. In terms of social aspects, a bill will be presented in November 2022 to facilitate younger person employment including the implementation of an expected temporary employment programme for 18 to 29 year olds, providing monthly salaries of up to 1,600 Sol (~ 410 Euro). According to the Minister of Economy and Finance, almost three hundred thousand young people enter the labour market every year.