The Peruvian government is stepping up infrastructure development, announcing plans to award $4.5bn in public-private partnership (PPP) contracts in 2018 – up from $3.4bn in 2017 – to boost growth and trade potential. In January 2018 Alberto Ñecco, executive director of ProInversión, announced the agency would survey 18 PPP finalisations by...
In the second OBG Business Barometer: Peru CEO Survey, we found that C-suite executives in the country are overwhelmingly optimistic about the business outlook: 84% report positive or very positive expectations of local business conditions in the coming 12 months. This persists despite ongoing challenges, such as the reconstruction efforts...
Decades of growth in trade and foreign investment have seen the economies of the world become more interconnected and interdependent than ever before. The production of goods and, increasingly, the provision of services has become fractured across borders as corporations create and integrate into regional and global value chains – a process...
In June 2018 the Central Reserve Bank of Peru (Banco Central de Reserva del Perú, BCRP) revised its 2019 growth outlook, forecasting GDP would expand by 4.2%. This represented a more optimistic view compared to its prediction of 4% in March 2018. The institution left its projection of 4% for 2018 unchanged. These figures reaffirm the sentiment...
Though its major motorway and railway infrastructure rivals any state in Mexico, Hidalgo is well aware further works are needed to fully make the most of its privileged geographical position. Improving the state’s infrastructure – in terms of roads, logistics and services – continues to be a priority, with the state now focused on creating the...
With its existing power plants and related infrastructure and scope for further development, energy has been named as one of four strategic sectors identified by the Secretariat of Economic Development (Secretaría de Desarrollo Económico, SEDECO) as a focus for the economic development of Hidalgo.
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