Dec 10, 2010. /Lesprom Network/. Improperly defined private property rights in Peru leads to reluctance among banks to offer credit facilities to concession holders, stated General Director of the Ministry of Forestry and Wildlife, Jorge Ugaz Gomez. Private forests are often considered inadequate to secure loans for forest concessionaires, as ITTO reported. Forestry operations in tropical forests in the country are very expensive and investments in machinery, forestry equipment, infrastructure and logistics are desperately needed. To improve the financial situation, the Ministry of Forestry and Wildlife is identifying factors affecting forest concessionaires’ access to financing. “The forest sector is very dynamic and there is increasing interest in Peruvian timber products from the informal, domestic and international markets”, noted Jorge Ugaz Gomez.