The microfinance industry has played an important role in improving social development, despite facing challenges in recent years The centrality of microfinance to Peru’s economy extends beyond its contribution to banking profits, given its role in reducing poverty, accelerating formalisation of the workforce and bringing growth to regions...
The banking industry looks set to achieve its full potential in the coming years, outperforming other sectors of the economy With a record of consistent profitability and credit growth, the banking sector has benefitted from economic expansion in the past decade. Strong regulations are credited with having ensured that banks made it through the 2008...
A topic receiving much attention of late, decentralisation of Peru’s production sector could soon be realised, benefitting the nearly two-thirds of the country’s population who reside outside of Lima. As limited space for growth in the capital is spawning initiatives from the public and private sectors, consolidating infrastructure via...
More than 5000 people are expected to fill Lima’s prime hotels in October 2015 for the annual meetings of the World Bank and the IMF. Between ministers of finance and central bank governors from 188 member countries, attendees consist of elite tourists with strong buying power and are expected to give commerce and services a significant boost...
The Peruvian legal framework continues to develop along the same lines as in the last two decades, promoting foreign investments and competition, while attempting to include the poorest groups in the country’s economic growth. The following text highlights some of the most important recent changes, which have occurred in the areas of mining,...
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