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...
THE COMPANY: Buenaventura is South America’s largest producer of precious metals with almost 60 years of experience. Its majority shareholder is the Peruvian Benavides family, which owns 25% of the company. Some 75% of Buenaventura’s revenues are derived from the production of gold and silver. In 2011...
THE COMPANY: Cementos Pacasmayo is a cement company based in Peru. The firm has more than 54 years of operating history producing, distributing and selling cement and cement-related materials, such as concrete blocks and ready-mix concrete in the northern region of the country. Its products are primarily...
In 2008 Peru, like most other economies at that time, suffered an abrupt slowdown. GDP growth dropped from 9.8% in 2008 to 0.8% in 2009, according to World Bank data. The banking sector, which had been on the rise since 2003, was also affected as credit growth sputtered. However, as banks in the US and Europe faced buyouts and nationalisation, Peru’...
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...
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