RAFAEL UGAZ VALLENAS IS THE NEW EXECUTIVE DIRECTOR OF PROINVERSION

Lima, December 8, 2019.– Through Supreme Resolution No. 019-2019-EF, published today in El Peruano, Rafael Ugaz Vallenas was appointed as the new Executive Director of the Private Investment Promotion Agency – ProInversión.

Rafael Ugaz has 20 years of national and international experience in infrastructure projects, Public-Private Partnerships (PPP), construction, mining, consulting, banking and project finance. He has worked in both the public and private sectors where he has overseen project development, strategic planning and financial analysis, feasibility studies, commercial structuring and investments in the transport, mining, water, energy and technology sectors.

He is an economist graduated from the Faculty of Social Sciences of Pontificia Universidad Católica del Perú. He also has a master’s degree in public policy, with a major in finance and public finance from the Harris School of Public Policy Studies at the University of Chicago and a master’s degree in business administration (MBA) with a major in finance and economics from the Booth School of Business from the same university.

“ProInversión has great challenges for the future. The country requires the development of investments to meet the service needs for the population, and in that sense, public and private investments are key to development. It is about repowering this institution becoming an agency specialized in structuring and awarding megaprojects,” said Minister of Economy and Finance, María Antonieta Alva.

ProInversión promotes private investment in the country through different mechanisms such as Public-Private Partnerships, asset projects and tax works. As a private investment promotion agency, it oversees the projects of national relevance assigned to it, or those it receives on behalf of the three levels of Government.
In that sense, one of the objectives of the new administration of ProInversión will be to carry out the projects that are part of the Government’s investment portfolio under the Public-Private Partnerships (PPP) scheme, such as the 29 projects prioritized in the National Infrastructure Plan for Competitiveness, of a total of 52.

Rafael Ugaz replaces Alberto Ñecco, who for one year and seven months was the Executive Director of ProInversión.