Peru Investment Promotion Agency | |
Native Name: | ProInversión |
Headquarters: | Lima, Peru |
Jurisdiction: | Government of Peru |
Parent Department: | Ministry of Economy and Finance (Peru) |
ProInversion is a Peruvian government agency that promotes private investment into Peru. ProInversion's mission is to promote foreign and domestic private investment, in order to boost Peru's competitiveness and its sustainable development and to improve the well-being of the population.
In May 1976, the military government of Francisco Morales Bermúdez through Decree-Law No. 21501 created the National Commission for Foreign Investments and Technologies (CONITE). This was in charge the national policy for the treatment of investments, technologies and foreign brands, in accordance with national economic plans and integration policy.
In 1991, during the government of Alberto Fujimori, the Commission for the Promotion of Private Investment (COPRI) was created with the objective of promoting private investment in companies.
In 2004 these two government organisations (CONITE) and (COPRI) were merged and the new organisation renamed as Investment Promotion Agency (ProInversion). It is involved in infrastructure projects such as for road and rail developments.[1]