Peru

By any measure, Peru is a giant of the global mining industry. Only Chile and China produce more copper and the country is the world’s seventh-largest producer of gold and the third largest of silver. Add to that important deposits of zinc, tin, lead and iron ore, as well as non-metallic resources such as phosphates and uranium, and it is...

Before September 2015, all share transactions on the Lima Stock Exchange (Bolsa de Valores de Lima, BVL) attracted a 5% tax on capital gains. The tax was disliked by market players, who suggested that it be repealed. But the authorities did not take action until low liquidity levels threatened to have the BLV downgraded from emerging market to...

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.

After the hyper-inflationary shocks of the 1980s Peruvians had low levels of confidence in the national currency, as well as in government policy-making in general. Subsequent governments have sought to rebuild trust and restore macroeconomic stability. Part of achieving this was to allow free convertibility between the Peruvian nuevo sol and...

In September 2015 a presidential decree was issued formalising a national strategy for financial inclusion. The overall aim of the strategy is to develop access to financial services and employment opportunities for the country’s low-income population, particularly those living in rural and remote areas. The strategy consists of seven main...