Peru holds over 80% of the global alpaca population with Arequipa sitting at the centre of the alpaca growing and manufacturing industry. Arequipa benefits from a variety of advantages in this segment, ranging from a high concentration of alpacas, to the presence of a key set of regional alpaca manufacturing companies. While the largest share...
In early 2017 the Peruvian government enacted a number of notable reforms to its tax framework, such as increasing tax rates for corporate income, decreasing the dividends withholding tax rate, and extending the temporary exemption from capital gains tax on gains derived from the sale of shares listed and traded on the Lima Stock Exchange. The...
Located in the southern Peru, the department of Arequipa – and its capital, also called Arequipa – is bordered by six other departments: Ica and Ayacucho to the north-west, Apurímac and Cusco to the north, and Puno and Moquegua to the south-east. There are seven other provinces in the Arequipa region,namely Camaná, Caravelí, Caylloma,...
After nearly two decades of sustained economic growth and stability, Peru’s economy continues to expand. Economic diversification and the introduction of more technology-intensive production processes are now key to enable the country to sustain the growth rates it was able to achieve during its commodity-led boom and avoid what economists...
Recently announced international loans and sustained government efforts continue to push innovation forward in Peru. Government support has increased in recent years, contributing to the development of a stronger institutional framework and increasing support to various sectors. While many areas are yet to benefit from financing in innovation...
With the signing of a $40m loan on August 22, 2016, the Inter-American Development Bank (IDB) and the government of Peru committed to continue to work towards the promotion of innovation, namely with a focus on addressing the challenges facing micro-, small and medium-sized enterprises (MSMEs). Previous loans have similarly supported the...
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