As economic growth has slowed in recent years, weighed down by a combination of volatility and relatively weak demand in the primary and extractive sectors, strength in Peru’s ICT industry has been a constant bright spot. The telecommunications sector has been particularly dynamic, spurred by increased competition, investment and consumer...
One of the most biodiverse countries in the world, Peru’s role as a global food supplier has expanded significantly in recent years. Today it is a leading producer and exporter of asparagus, quinoa, maca and fish oils, and ranks among the top 10 exporters of avocados, artichokes, organic bananas, organic cacao, grapes, peppers and mangoes,...
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...
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...
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...
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...
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