Just one in five Peruvians has a bank account. To what extent does this limit banking sector growth?
Peru
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Interviews & Viewpoints | Daniel Schydlowsky, Superintendent for Banks, Insurance and Pension Funds: Interview from The Report: Peru 2015
With a record of consistent profitability and credit growth, the banking sector has ridden the wave of Peru’s economic expansion during the past decade. As of June 2014, direct lending by the banking sector stood at PEN211.7bn ($75.58bn), having increased by 16% over the previous year. A firm regulatory environment is credited with having ensured that the country’s banks made it through the...
Interviews & Viewpoints | Carlos Herrera, Executive Director, ProInversión: Interview from The Report: Peru 2015
Two large infrastructure tenders were recently awarded as single projects. To what extent might this approach restrict participation?
Articles & Analysis | Workforce informality is an ongoing struggle for the government from The Report: Peru 2015
Despite numerous government initiatives conceived over the years to tackle workforce informality in Peru, it remains a major problem that shows few signs of swift resolution. Although the data vary depending on the definitions of “informality”, about 65% of businesses were considered informal as of April 2014. This compares unfavourably to some of Peru’s poorer...
Interviews & Viewpoints | Alicia Bárcena, Executive Secretary, Economic Commission for Latin America and the Caribbean (ECLAC): Interview from The Report: Peru 2015
How much of a concern is protectionism, especially for small and medium-sized enterprises (SMEs)?
Articles & Analysis | With strong fundamentals, the economy is set to see continued growth from The Report: Peru 2015
Following the end of the commodities super-cycle that sustained Peru’s economic growth at an average rate of 6.4% per annum since the mid-2000s, the country saw growth fall sharply over the course of 2014. However, this slowdown is widely seen as a temporary lull, attributable in part to delays in some major mining developments, and the government has sought to...