Peru earmarks 26 bln USD to overcome COVID-19 crisis
Source: Xinhua | 2020-10-28
Peru's government has earmarked 90 billion Peruvian soles (about 26 billion U.S. dollars) as part of an economic recovery plan to overcome the impact of COVID-19, President Martin Vizcarra said Monday.
The ability to respond to the health crisis goes hand in hand with the recovery plan, considered one of the most ambitious in the country's history, Vizcarra said.
"We have allocated great resources to strengthen our hospital response capacity," he said during a military ceremony in the capital Lima.
The plan includes a financial aid for 2.8 million poor households and 800,000 informal workers.
According to the National Institute of Statistics and Informatics, a total of 6,720,000 Peruvians lost their jobs in the second quarter of the year due to lockdown measures to control the spread of the virus.
Peru has so far registered 890,574 COVID-19 cases with 34,197 deaths from the disease, according to the Ministry of Health.
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