Five regional governments in Peru’s Amazon territory have formed an agency to promote private investment in the Amazon in sectors including hydroelectric power.
Peru’s investment agency, Agencia de Promocion de la Inversion Privada (Proinversion) said it would be advising the regional agency, Agencia de Promocion de la Inversion Privada de la Amazonia.
Participating regional governments include Loreto, San Martin, Madre de Dios, Amazonas, and Ucayali. Loreto issued a decree launching the initiative, which was adhered to by the other governments, Proinversion said.
The Amazonia agency is to work as a specialized consultative and coordinating organ with the private sector to develop public-private associations, joint plans, and projects. Investment is to be promoted in such areas as hydroelectricity, communications, biocombustibles, forest, energy, education, farming, and tourism.
The agency also is to manage alternative sources of financing of regional projects and support the presentation of projects in summits of the European Union and the Asia-Pacific Economic Cooperation (APEC) forum. (HNN 2/15/08)