¿Buscando Revertir la Desaceleración de la Economía a Través de la Reducción de los Estándares Regulatorios?: Un Análisis de los Aspectos Ambientales del Paquete de Reactivación Económica

Abstract

Global economy is going through a transition where investments in extractive industryprojects have drastically slowed down, which results in a competition among governments for establishing regulatory incentives to make their jurisdictions more attractive. In this context, the Ministry of Economy and Finance has created a Specialized Team to Track Investment Execution, which is intended to identify all the issues and obstacles that hinder the execution of investments so as to adjust their regulatory frameworks. As a result, the aforementioned Team submitted a bill that the Congress has recently approved, Law N° 30230, known as Economic Recovery Package, which provides for a set of measures relatedto the private investment and environmental regulations.
Based on the analysis of the aforementioned measures, the authors propose that this Law does not intend to reduce the environmental standards or requirements but to provide such legal security that gives investors certainty and predictability as to the regulatory framework.