Softball Quotes Pitcher

BM may tax windfall

tax There is scope to do so without harming competitiveness. World Bank Vice President said that state investment should develop human capital.

Once again, a multilateral organization says that it is possible to apply a windfall tax on mining without undermining the competitiveness of the sector. World Bank Vice President, Otaviano Canuto, said in Lima that currently there is scope to raise taxes on mining companies due to high raw material prices, this without affecting the arrival of investments.

"There is a space within which a tax can not affect investment," said the officer asked about the possibility of a windfall tax on mining.

vice president of the World Bank estimated that the price of commodities will remain stable, because after the crisis now have more presence in global growth countries demand more commodities.


develop human capital, however, Canuto stressed that the income generated by the extraction of natural resources in Peru are to serve the development of human capital and infrastructure. "You have to replace the natural resources for a more stable type of wealth as human capital [...] natural resources should serve to make the leap to first world, "he said.

He noted that the primary mission of the next government must focus on improving the quality of government services as health and education. If this goal is achieved, people will regain their confidence in the state, he said.

also said more attention should be put to the service economy as these tend to grow as an important part of GDP in the economies in the world, and their quality is important for the competitiveness of all sectors of the economy.

Diversify value-added
On the other hand, noted that Peru must maintain high rates of macroeconomic growth, but must choose to diversify their export value.

Meanwhile, an economist at the Lima Chamber of Commerce (CCL) César Peñaranda said one of the challenges of the national economy will reduce the level of informality, because Peru is ranked as the sixth informal economy in the world.

Optimism in the economy of Peru
Otaviano Canuto said the Bank is optimistic about the future of the Peruvian economy for the next five years. This was declared after participating in the International Economy Forum V Quo Vadis Peru 2011, organized by the Lima Chamber of Commerce (CCL).

The World Bank reported that in Peru an investment of U.S. $ 2 000 mills. in a portfolio of 18 projects in areas such as agriculture, water and sanitation. Of that $ 2 000 mills. There is a balance of U.S. $ 1.200 mills. be disbursed, he said.