Located in the southern Peru, the department of Arequipa – and its capital, also called Arequipa – is bordered by six other departments: Ica and Ayacucho to the north-west, Apurímac and Cusco to the north, and Puno and Moquegua to the south-east. There are seven other provinces in the Arequipa region,namely Camaná, Caravelí, Caylloma,...
Recently announced international loans and sustained government efforts continue to push innovation forward in Peru. Government support has increased in recent years, contributing to the development of a stronger institutional framework and increasing support to various sectors. While many areas are yet to benefit from financing in innovation...
Investment in research and development (R&D) and innovation has been increasing in recent years in Peru, partly as a result of greater government commitment to science, technology and innovation issues. This investment seems to be paying off in terms of institutional strengthening, sector incentives and increased funding, as well as an...
With the signing of a $40m loan on August 22, 2016, the Inter-American Development Bank (IDB) and the government of Peru committed to continue to work towards the promotion of innovation, namely with a focus on addressing the challenges facing micro-, small and medium-sized enterprises (MSMEs). Previous loans have similarly supported the...
Ancient Peru was the cradle of the Incan empire, which flourished between 1400 and 1533 CE. The empire’s religious and administrative centre, Cuzco, is known today for being home to the world-renowned Machu Picchu. One of the new seven wonders of the world, the site attracts thousands of visitors each year. The arrival of Spanish conquistadors...
Once known as a country scarred by economic and social upheaval, Peru has now experienced nearly two decades of economic growth alongside the continued establishment of democratic principles – increasingly so since the turn of the millennium. Buoyed by high commodity prices, the mineral-rich country grew at an average annual rate of 6.2% in...
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