Damage caused by severe flooding in the first half of 2017 is being used as an opportunity by the government of President Pedro Pablo Kuczynski to improve infrastructure in Peru. The government has unveiled a three-year, $9bn plan known as Reconstruction with Change (Reconstrucción con Cambio, RCC) to rebuild infrastructure and re-energise the...
In 2015 more than 19,000 Chinese tourists visited Peru, an increase of 16% over 2014, making China the third-largest source market of Asian tourists to the country. In December 2015 Peru won the “Best New Potential Destination” award from Best Travel Media, the official media outlet of the China Association of Travel Services, a signal of the...
Aiming to increase the number of Peruvians with access to high-speed broadband internet, in 2012 the government introduced the broadband adoption law, an ambitious plan to develop a National Fibre Optical Backbone Network (Red Dorsal Nacional de Fibra Optica, RDNFO). In light of often-weak economic incentives for operators to invest in...
Increased investment and the expansion of irrigated land along the Peruvian coast has ensured the continued development of large-scale industrial agriculture in Peru for more than two decades. After introducing dozens of new products to Peruvian soils, local agri-business firms have successfully expanded and diversified the country’s...
Peruvian fishermen have faced three consecutive years of instability associated with the occurrence of El Niño. Since 2014 the climate cycle has weakened the supply of anchovy, the sector’s prime catch, with negative impacts on exports of fishmeal and fish oils. Despite a weak performance in 2016, the sector’s recovery is expected to gain...
Home to high-quality materials such as pima cotton, alpaca and vicuña wools, among others, Peru has long been a competitive producer of clothes for both local and international markets.
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