The World Bank has offered a 3 billion dollars line of credit to Peru, backing President Ollanta Humala's plans for anti-poverty initiatives and sustained economic growth, a regional vice president said this week.
President Ollanta Humala has fired two-thirds of all generals in Peru's police force in an unprecedented purge to stamp out systemic corruption, the government said on Monday. In the Armed Forces there was also a renewal with the promotion of 48 officers.
Two Peruvian families who say the government never paid them compensation for the expropriation of the Inca citadel of Machu Picchu and surrounding lands plan to take their complaint to the U.N. Educational, Scientific and Cultural Organization.
The difficult international situation has not affected the equity markets integration process of Colombia, Chile and Peru, said the president of Colombia’s Stock Exchange, Juan Pablo Córdoba.
Peru had its foreign debt rating raised one level by Standard & Poor’s, which said it expects recently elected President Ollanta Humala to continue policies that support the country’s economic expansion.
The UN Special Rapporteur on the rights of indigenous peoples, James Anaya and Amnesty International praised the approval of a law on consultation with indigenous peoples by the Congress of Peru and called on President Ollanta Humala for its quick promulgation and implementation.
Peru has reached an agreement with mining companies that will raise the industry’s annual payments to the government to about one billion dollars, the government said on Thursday, fulfilling a campaign promise by President Ollanta Humala.
A 7.0-magnitude earthquake struck a remote Amazon region of Peru on Wednesday, shaking office buildings far away in the capital and in neighbouring Brazil although no injuries or damage were reported immediately.
Peru has temporarily halted the eradication of coca plants used to make cocaine as it works to redesign its anti-drug programs, the country's interior ministry announced this week.
Peru's incoming President Ollanta Humala promised on Thursday the poor would take part in the country's economic boom, investors and their contracts would be respected and changes will be moderate and gradual.