Peru

Peru's Inflation Rate Slows to 1.28% in March, But Falls Short of Forecasts

1 day ago

In a recent financial update, Peru's inflation rate recorded a decrease, landing at 1.28% in March. This figure, though indicating a slowdown, was still below the expectations set by economists who had predicted a more significant drop. Many analysts were looking forward to inflation rates easing further amid a backdrop of economic recovery in the region.

Gramercy Targets $1 Billion in Private Debt Investments in Peru

5 days ago

Gramercy, a prominent investment firm, is making strategic moves to enhance its presence in the Peruvian market as it aims to reach a significant milestone of $1 billion in private debt investments. This bold push comes amid a growing interest in alternative investments across Latin America, propelled by the region's necessary recovery and economic improvements.

The Copper Conundrum: Indigenous Rights and Mining Conflicts in Peru

6 days ago

In a significant clash between Indigenous rights and the burgeoning copper mining industry, Peru finds itself at a crossroads. With projections indicating that the demand for copper will surge to unprecedented heights by 2025, conflicts between mining corporations and Indigenous communities have reached a boiling point. This article delves into the intricate dynamics at play, spotlighting how the drive for copper is reshaping the future of these communities and the environment they inhabit.

Peru Aims to Attract $2.4 Billion Investment to Revolutionize Its Agribusiness Sector

9 days ago

In a bold move to strengthen its economy and enhance food production, the Peruvian government has unveiled a strategic initiative aimed at attracting an impressive $2.4 billion in investments into the agribusiness sector. This effort comes as the nation strives to position itself as a leading player in agricultural exports, addressing not only local food security challenges but also catering to global markets.

Peru's Central Bank Keeps Key Interest Rate Steady Amid Trade Tensions

20 days ago

The Central Reserve Bank of Peru has decided to maintain its benchmark interest rate at 7.75%, as policymakers continue to evaluate the ongoing impacts of international trade disputes on the nation’s economy. This decision, made during a meeting held in early March, underscores the bank's cautious approach in navigating the complex global economic landscape.

Brookfield Launches $2.7 Billion Arbitration Against Peru over Toll Road Investments

20 days ago

In a significant development in international investment disputes, Brookfield Asset Management has initiated a $2.7 billion arbitration process against the government of Peru. This move comes as tensions have escalated over the management and profitability of toll road projects in the South American nation. The arbitration, filed in accordance with the provisions of the Canada-Peru Free Trade Agreement, raises questions about how foreign investments are treated in emerging markets.

Peru's Copper Industry Faces Tariff Threat as Major Miner Prepares for US Delegation

23 days ago

In a crucial move that speaks volumes about the interplay of global trade and natural resource management, a significant copper mining company in Peru is gearing up to send a delegation to the United States. This delegation is primarily aimed at addressing an impending tariff threat that could have far-reaching impacts on the copper market.

Peru's New Finance Chief Aims for Growth with Tax Cuts

27 days ago

In a bold move aimed at revitalizing Peru’s economy, the newly appointed Finance Minister is advocating for significant tax cuts. The strategy is part of an ambitious plan to stimulate growth and achieve an economic expansion of 4% in the coming year. This approach reflects a shift in fiscal policy as Peru navigates through a tricky economic landscape.

Inflation in Peru Slows to 1.5% in February, Meeting Expectations

1 month ago

In recent economic developments, Peru has recorded an annualized inflation rate of 1.5% for February, aligning perfectly with analysts' forecasts. This figure marks a significant decrease in inflationary pressures for the South American nation, following a year where inflation had surged beyond typical levels.

Peru's Economic Surge: 3.3% Growth Signals Recovery from Recession

2 months ago

Peru's economy has shown promising signs of recovery, growing by an impressive 3.3% in 2024. This significant increase marks a pivotal moment for the nation as it emerges from the throes of recession. The growth has notably surpassed initial projections and reflects a resurgence in key sectors that were severely impacted in previous years.