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Following project delays caused by a high-profile corruption scandal at Brazil’s construction giant Odebrecht, which rippled across Latin America, the construction sector is at last refinding its financial footing. After nine consecutive months in negative territory, credit to the sector posted 0.56% year-on-year growth in March 2018, to PEN4....

Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...

Despite the deceleration of the Peruvian economy in 2017, driven in large part by the simultaneous impacts of the El Niño climate cycle and the corruption scandal at Brazilian construction giant Odebrecht, the banking sector has remained stable. According to international credit ratings agency Moody’s, at the close of 2017 the sector was...

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...

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...