A major metals and minerals exporter, Peru experienced steady growth for most of the 2000s and rapid expansion in 2007 and 2008 on the back of high demand for key exports such as copper. The country avoided negative growth in 2009 in spite of the worldwide economic crisis and reduced commodity prices, and the economy began to once again see...
After recent displays of strong economic growth, Peru finds itself among the leading emerging economies. Although the election of President Ollanta Humala in June 2011 sparked concern over an anticipated shift in economic agenda within the investor community, the administration has demonstrated its commitment to continuing the successful economic...
Following the fall of now-imprisoned former President Alberto Fujimori from power at the turn of the millennium, Peru has enjoyed over a decade of stable political and economic progress. Economic development, in particular, has been rapid, partly due to elevated global commodity prices, as well as the commercialisation of the giant Camisea...
The combination of a stable and expansionary macroeconomic environment, vast natural resources and an investor-friendly legal framework has created an attractive setting for international investors looking for emerging market opportunities. While the majority of foreign direct investment (FDI) has been channelled to Peru’s extractive industries in...
Following a campaign laden with promises of social inclusion, President Ollanta Humala’s administration has already begun fulfilling some of them. Having gained legislative approval to establish the Ministry of Development and Social Inclusion only weeks after taking office in August 2011, Humala turned his sights to renegotiating royalties...
In 1990 the Peruvian electorate veered away from well-established political parties and instead chose the relatively unknown Alberto Fujimori, campaigning under the banner of his newly formed Cambio 90, to be president. Now, more than a decade after democracy has been restored following the fall of Fujimori’s authoritarian regime, they are still...
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