With a new administration in place, local and international players in Peru have regained optimism. As one of South America’s top performers due to its reforms and fiscal discipline, the country is benefiting from rising commodity prices and an export-oriented mining sector. In addition, 2018 brought increased public expenditure, with notable rises in the budgets for education, health, infrastructure and reconstruction.
With an average growth rate of 5.9% over the past decade, Peru’s economy has consistently outperformed most regional neighbours. Politically, the country has recently emerged from a period of instability and security concerns to rank among the top investment destinations in the developing world. Indeed, after a political transition that threatened business confidence and investment projects in the country, local and international economic agents have regained optimistic outlooks. Due to the country’s structural reforms and fiscal discipline, its export-oriented mining sector and the rising global commodity prices, Peru has become one of South America’s top performers.
Sources of security: President Martín Vizcarra Cornejo, on diversifying investments, and reducing...
Greater trust: Luis Alberto Moreno, President, Inter-American Development Bank, on strengthening...
Nuts and bolts: Mariela García, CEO, Ferreycorp, on optimising operations, and enhancing innovation...
Aiming high: Rafael Álvarez, CEO, Backus, on the importance of competition for innovation and the...
Broadening the base: Humberto Astete Miranda, Tax Partner, EY Perú, on regulatory reform, double...
Efficient processes: Javier Lancha de Micheo, CEO, APM Terminals Callao, on enhancing port...
Bridging the gap: Sebastián Piñera Echenique, President of Chile, on the region’s pillars of...
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