Peru

Long a feature of Peru’s financial landscape, microfinance institutions (MFIs) continue to evolve, offering new products and beginning to expand beyond the regions they were initially created to serve. Municipal savings and loan institutions (Caja Municipal de Ahorro y Crédito, CMACs) – a category of MFIs originally serving cities outside Lima...

THE COMPANY: Graña y Montero (G&M) is the largest engineering and construction company in Peru, with 80 years of operation. G&M has four complementary business segments: engineering and construction (provides specialised services in engineering, civil works, electromechanical construction,...

Arguably one of the most important regulatory reforms to take place recently, the privately managed pension fund system reform was passed by Congress in May 2012. The reform can be divided into two stages with different objectives. The first stage, which was implemented in 2012, focused on increasing competition among private fund administrators...

The fight against global warming has prompted investment in renewable energy resources across the globe and Peru is no exception. Historically, Peru invested vast amounts into its renewable hydroelectric resources and relied on these for as much as 90% of the country’s electricity generating capacity. Gradually, so-called unconventional...

THE COMPANY: Edegel is the largest power generation company in Peru. It supplies the national grid and has a total installed capacity of 1470 MW, of which 922 MW is thermoelectric capacity. Edegel is controlled by the Spanish electricity company Endesa, which indirectly owns 83% of Edegel’s...