Congress Ends Interpellation of Minister of Economy
11 septiembre 2020

PERU

On September 7, the Peruvian Congress completed its interpellation of the Minister of Economy and Finance, María Alva Luperdi. The minister said that her projection for July 2021 is that all Peruvians, including the elderly, will have access to a bank account, and virtual services will be provided to facilitate withdrawals, payment of services, and transfers. She also considered the use of the electronic wallet, an “historic step towards financial inclusion.”

Alva Luperdi explained that the Government measures to encourage people to open bank accounts with an ID card is a milestone, as only in August, President Martin Vizcarra authorized the National Bank to open basic bank accounts to all Peruvians over 18.

Within the framework of the debate, Congressman Omar Merino López (APP) highlighted that poverty levels could increase by 25 or 30% if direct subsidies are not established for a certain period of time for people who have lost their jobs due to the pandemic.

At the beginning of the debate, Congressman Anthony Novoa (Acción Popular) referred to the bill seeking to benefit the contributors and former payers of the Social Security Normalization Office (ONP, in Spanish). He pointed out that this is the beginning of the process to vindicate the rights that the State “must meet”. Likewise, the legislator requested the Executive to include SMEs in the economic reactivation plan.

 

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