Daniel Hermoza, representing Peru’s micro and small enterprises (MYPE), has cautioned against granting the Executive branch legislative powers without careful consideration. Hermoza warns that economic uncertainty, the potential impact of El Niño, and limited access to credit pose significant threats to small businesses. He fears these factors could drive numerous enterprises into informality or force them to close permanently. Hermoza is urging Congress to demand greater clarity before delegating legislative authority. He also called for a comprehensive national plan specifically designed to support the MYPE sector, ensuring its stability and growth. The representative emphasized the need for a cautious approach given the vulnerability of these businesses to current economic challenges.

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