The exploitation of copper and gold resources has been a key element in Peru’s mineral and indeed broader economic development over the past decade. Together, copper and gold accounted for 76% of all mineral exports in 2011, bringing in revenues of $10.7bn and $10.1bn, respectively, according to the Ministry of Energy and Mines (Ministerio de...
In February 2012, Alfredo Jochamowitz, the president of the Peruvian Association of Insurance Companies (APESEG), estimated that the insurance penetration rate in the country was about 1.6%, measured as the percentage of premiums to GDP. This figure lags behind regional leaders like Chile (4.5%) and the total average for Latin America (2.5%)....
The rationale behind recent legislation to promote investment in green electricity-generating facilities lies not just with its eco-friendly nature, but also in the ability of these resources to operate independently of the national power grid in remote towns and villages in the mountains and jungles. Indeed, roughly 33% of the rural electrification...
Deep in the heart of the Amazon jungle lies one of South America’s largest discovered reserves of natural gas, known as the Camisea. Its discovery and development are now integral elements in Peru’s economic development, with royalties from the project alone anticipated to pour more than $30bn into government coffers during its estimated 40-year...
Pension fund reform has become a hot topic among leading fund administrators and lawmakers. As of May 2012, two government commissions, consisting of a technical team appointed by the executive branch and an economic commission that was formed by the Congress, were hard at work to develop a proposal for the restructuring of the pension fund system....
There are signs of emerging markets decoupling from developed economies. Will economies such as Brazil’s be more immune to external shocks?
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