The Lima Stock Exchange (Bolsa de Valores de Lima, BVL) has had a difficult three years in 2013-15, but market players believe conditions are beginning to point to a recovery in 2016.
The Lima Stock Exchange (Bolsa de Valores de Lima, BVL) has had a difficult three years in 2013-15, but market players believe conditions are beginning to point to a recovery in 2016.
The life insurance sector has achieved impressive growth in recent years. According to the Superintendencia de Banca, Seguros y Administradoras de Fondos de Pensiones (SBS), life premiums rose 17.8% in 2014 to PEN4.93bn ($1.6bn), well ahead of the premium growth rate across all insurance products, of 11.9%. Both rates were a multiple of GDP...
The insurance sector in Peru has experienced a decade of strong growth, benefitting from the fact that the country has been one of the fastest-growing economies in Latin America and has seen both a significant reduction in poverty levels and an expansion of the middle class. In the 10 years to 2013, premium income tripled, and according to the...
Responsible for regulating financial flows and channelling savings and investment, banking is the single most important component of the wider financial, insurance and pensions sector, which accounts for 3.8% of Peru’s GDP. The financial sector – which includes banks, finance houses and credit cooperatives – accounts for more than 85% of that...
Faced with slower GDP growth in 2014 and 2015, Peru is working to reinvigorate economic expansion through a series of counter-cyclical fiscal measures, aimed at developing infrastructure and education in particular. However, these spending packages have so far met with mixed results and will likely require more time to yield the broader...
The Pacific Alliance is an integration agreement created in 2011 between Chile, Colombia, Peru and Mexico, with several other countries expected to join the near future. The first formal proposal had been tabled by then-president, Alan García, who convened a meeting with the leaders of the three other countries on April 28, 2011. The meeting...
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