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...
Among the most important tasks for Latin America and the Caribbean is to achieve greater growth rates, and a fundamental part of this is investing in infrastructure. The most viable way to accomplish this investment is a significant increase in the number of public-private partnerships (PPPs), and this can only be happen if corruption is...
In October 2017 the World Bank published its “Doing Business 2018” report, which measures the ease of doing business and investing in various global economies. Peru ranked 58th out of 190 countries in the index, placing it third in Latin America, behind Mexico (49th) and Chile (55th), and just ahead of Colombia (59th). While this represented a...
Ancient Peru was the centre of the Inca Empire, whose power and influence peaked between 1400 and 1533 CE. The empire’s religious and administrative centre, Cusco, is adjacent to the now world-renowned Machu Picchu archaeological site. The arrival of Spanish conquerors in 1532 marked the beginning of the end for the Inca Empire and the start...
What are ProInversión’s four strategic pillars? ÑECCO: We have identified four strategic pillars that are crucial in both our long and short-term execution plans. First, we must strive to become a centre of excellence in terms of advising the government in the formulation and structuring of public-private partnership (PPP) projects...
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...
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