The government will evaluate the implementation of Reactive III to stimulate the economy

The government is considering a third reactivation to help the economy recover, especially in the manufacturing sector, given the report of falling sales in the textile industry and in shoes.

Foreign Trade Minister Roberto Sanchez detailed the executive’s intention to introduce new measures, including a third response.

“This is part of the national policy for the development of industry, which was achieved in dialogue with the National Society of Industry.”the official specified.

For the minister, the introduction of Reactiva III is necessary, as it should not only stimulate agricultural exports, but also shopping centers, the textile industry, the shoe industry, metalworking and others.

What is Reactive Peru?

This is a program aimed at ensuring a rapid and efficient response to the liquidity needs faced by companies in the face of the impact of COVID-19. lThe guarantee provided by the Reactiva Peru program covers the balance until the disbursement of the granted loan.with coverage, which, depending on the loan amount, ranges from 80% to 98%.

Until May, the State had paid guarantees in the amount of SGD 1,587 million for non-payment of loans provided by companies. According to the Ministry of Economy and Finance, 8.6% of loans may remain unpaid, which will force the state to spend more resources, as it must fulfill its role as a guarantor.

On this occasion, the head of the Ministry of Education pointed out that “we need a government that also plays with large infusions of resources in order to be able to plan interventions not only for investments in the public sector, but also to encourage private investment.”

To date, the Reactiva Peru program has been implemented twice, the second time in 2020 it was launched to support small companies. In both phases, resources delivered through loans amounted to $60 billion.

To date, 453,000 companies are in debt under the program, representing 90% of all businesses that have applied for loans. However, arrears on payments were recorded, in connection with which a debt restructuring was applied.

What do you expect from maps?

Prevent 200 thousand micro, small and medium Business (mypimes) producers go broke, National Society of Industry (SNI) proposed the creation of a Reactiva III economic support program exclusively for mypimes, who are the most difficult to obtain credit.

“Small businesses have a serious problem with access to finance. It is estimated that between 5% and 7% of them can get a loan. For this reason, it is necessary to have Reactiva III in order to fund its development and become production units,” explained Jesús Salazar Nishi, President of SNI.