When we took power in 2018 the country’s economic situation was far from ideal. In addition to sluggish growth rates, the country was going through a period of high political polarisation that generated an atmosphere of uncertainty, which was reflected in declines of both growth and investment.
Peru’s political climate has been affected by deep structural problems due to the country’s peculiar democratic framework, with the hybrid presidential-parliamentary system prone to deadlock. There are promising signs of change, however, as the administration of President Martín Vizcarra Cornejo looks set to bring about an era of stability...
Peru is a major producer of copper and gold, as well as a prolific exporter of liquefied natural gas, seafood and agricultural products. In addition, it has significant oil and gas reserves, and is a major tourist destination, with some 4.5m tourists visiting annually. Many of these visitors flock to the country’s Incan archaeological sites,...
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From the 1970s until the late 1990s, Peru was the standard example of a Latin American failing state. However, almost three decades of unprecedented economic growth, partly driven by high commodity prices and prudent macroeconomic and financial policies, have turned Peru into one of South America’s prime travel and tourism destinations. This...
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