In 2011 Peru came top in the Economist’s Global Ranking for Microfinance Business Environment for a third year running. This can be attributed to the sector’s high level of sophistication resulting from 30 years of history in the country. Microfinance institutions also benefit from a strong regulatory framework outlined and enforced by the...
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...
While neighbouring Brazil may garner more headlines as one of the “BRIC” giants, Peru has quietly and efficiently transformed itself into one of the world’s most dynamic emerging economies. Boasting significant natural resources and a population hungry for modernisation, Peru’s economic growth has outperformed the majority of its regional and global...
The 40th anniversary of the establishment of formal relations between the governments of China and Peru was marked in 2012, underlining a longstanding relationship that has become increasingly important as time has gone on. In recent years bilateral relations have grown significantly. Trade between the two countries has increased sharply in...
Even during a period of sluggish economic growth in the important US and European markets, Peru has been able to continue posting surpluses and developing its global trade portfolio, in large part due to a raft of free trade agreements (FTAs) that have expanded and diversified its international partners.
COUNTRY PROFILE Growing influence: The country is a political and economic link between the West and the Middle East POLITICS New realities: Recent years have brought a remarkable political transformation Setting an example: Regional peace is high on the agenda as the country seeks to strengthen its role model status Viewpoint: Prime...
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