What measures can be taken to enhance the country’s non-primary industries?
After a political transition that threatened business confidence and investment projects in Peru, local and international economic agents have regained optimistic outlooks. As one of South America’s top performers due to its structural reforms and fiscal discipline, Peru is seeing an economic rebound due to rising commodity prices and an...
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...
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...
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...
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