Despite the constant political noise, Peru has managed to remain an attractive destination for foreign investments.. And to achieve this, among other aspects, the country’s macroeconomic and monetary strength has been key.
This is highlighted by Diego Mora, director of Colombia, Peru and Central America for BlackRockwho highlights that fiscal discipline has been a factor for the manager, like other agents, to commit to the development of local infrastructure.
“We are already investors in Peru, in ports in the Pacific, together with local investors“, Mora tells Día1, in reference to the capital that the American fund allocates through Global Infrastructure Partners (GIP) together with the Tramarsa Group. Both promote, thus, the expansion of the port of Matarani (Arequipa) that amounts to US$700 million.
The executive highlights that, beyond political cycles, they continue to see Peru as an attractive long-term investment bet. “In addition to investing in capital markets, we invest in infrastructure, an activity that generates growth and employment in a very tangible way. “That shows the appetite and commitment we have to the country,” he adds.
Matarani Port will expand to serve mining megaprojects in the south of the country. (Photo: Andina)
In the “2026 Global Outlook” report, BlackRock summarizes some of the megatrends that are redefining the economy and markets: artificial intelligence (AI); the demographic transition; decarbonization and clean energies; and, also, geopolitical fragmentation. So, Mora emphasizes that the region must take advantage of these “mega forces” to approach the levels of development that other emerging countries already have.like the Asians, who have left us behind in current developments.
According to Mora, Countries like Peru, Chile and Colombia could benefit more from these trendsbeing suppliers of basic and essential materials for the development of AI, such as copper, nickel, zinc, among others.
“We are in a situation in which we have everything to take advantage of this opportunity,” says the executive.
According to BlackRock projections, AI can provide a 1.5% boost to global growth through productivity gainsestimating that this would increase the income of the entire economy by US$1.1 trillion annually.
For BlackRock, the world is in the first phase of AI growth, in which US$5 to US$8 trillion will be allocated until 2030. In the second phase, the firm indicates, the expansion of AI is expected; while the third phase is characterized by an increase in productivity and income at a global level.
To seize the moment, BlackRock considers it necessary for the region to have regulatory and legal frameworks that allow it to promote investments aimed at the development of AIand that give peace of mind to economic agents willing to invest.
